Dutch partners Gasunie and Vopak expect to launch the fourth LNG tank at their Gate terminal in the third quarter of this year, according to Vopak CEO Dick Richelle.
“We made good progress on the construction of the fourth tank in the Gate terminal, which is expected to be commissioned at the end of the third quarter this year,” Richelle said on Thursday during Vopak’s second-quarter results call.
Richelle also noted that recent geopolitical conflicts and trade disruptions “have made the need for national energy sovereignty incredibly clear.”
“A good example of how we play into this is with our Gate LNG terminal in the Netherlands. This terminal provides Northwest Europe with the needed flexibility to import LNG, successfully replacing the historical reliance on single-source pipeline imports,” he said.
Gate mostly imports LNG from the US.
The terminal is located on the Maasvlakte in Rotterdam and, like EemsEnergyTerminal, is a 50/50 joint venture between Gasunie and Vopak.
In 2023, the partners took a final investment decision, worth 350 million euros ($403 million), to add one 180,000-tank and additional regasification capacity of 4 Bcm per year, increasing the total capacity of the terminal to 20 Bcm per year.
Gate selected France’s Vinci Construction Grands Projets – Entrepose Contracting to build the LNG tank, Spain’s Sener for new balance of plant facilities, and Sacyr Projecta for owner engineering services.
Sener was also part of the consortium that delivered the Gate LNG facility back in 2011.
UK-based BP and a unit of PetroChina agreed to book the new capacity under long-term commercial agreements.
They will each acquire 2 Bcm per year of regasification capacity and corresponding storage capacity for 20 years. (July 31, 2026, Source: https://lngprime.com/europe/gasunie-and-vopak-to-launch-fourth-gate-lng-tank-in-q3/194186/)
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