The Netherlands: Rotterdam LNG Hub Gets Massive Boost

Rotterdam LNG Hub Gets Massive Boost

The Port of Rotterdam Authority said that two European subsidy applications relating to LNG have been granted. This means that the European Union supports the development of a Rotterdam LNG hub. It involves a subsidy of €40 million for LNG infrastructure for the Rhine-Main-Danube area and a €34 million subsidy for the LNG breakbulk terminals in Gothenburg and Rotterdam. Together, the projects will create a logistics chain for LNG; the first in Europe.

The Port Authority wants to make Rotterdam the most sustainable port of its kind and sees LNG as a way of substantially reducing emissions from shipping. The subsidy is in line with the Port of Rotterdam Authority’s endeavour to fully develop the market for LNG as a fuel and to open an LNG hub in Rotterdam before the end of 2015. In order to achieve this the Port Authority is investing in infrastructure (incl. a breakbulk terminal), it is closely involved in putting the necessary (inter)national policy and regulations in place and is investing in cooperation with relevant partners. The two subsidies were also the result of close cooperation with other (inter)national parties.

European chain
The subsidy represents a considerable boost for the Rotterdam LNG hub, but by no means all the cash will benefit the port of Rotterdam specifically. The whole European LNG logistics chain will profit. For instance, 33 partners are involved in the LNG Masterplan for the Rhine-Main-Danube corridor. The project is coordinated by ‘ProDanube’. The Port Authority is coordinator for the Rhine corridor. The ports of Antwerp, Strasbourg, Mannheim and Basel and a few private parties are also involved. The subsidy for the breakbulk terminals relates to a joint venture between the ports of Gothenburg and Rotterdam. Via the breakbulk terminal, it will shortly be possible to supply LNG to the bunker market in (north)west Europe as well.

LNG in Rotterdam
Since 2011 the port of Rotterdam has had a special terminal for storing and handling liquefied natural gas; the Gate terminal. The first inland vessels to sail on LNG are the Argonon and the Greenstream recently launched, which Shell now charters. This year, the municipality of Rotterdam amended the regulations, so that inland shipping can now bunker. Supported by this subsidy, the port authorities of Rotterdam, Amsterdam, Gothenburg and Antwerp, among others, are now preparing further joint international regulations.

LNG World News Staff, October 15, 2013; Image: GATE

Share this article

Follow LNG World News

3 thoughts on “The Netherlands: Rotterdam LNG Hub Gets Massive Boost”

Comments are closed.

Events>

<< Dec 2016 >>
MTWTFSS
28 29 30 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

Floating LNG

Despite challenging market conditions, global capital expenditure (Capex) on FLNG facilities is forecast to increase significantly over the 2016-2022 period. The protracted oil price downturn has impacted the sanctioning of capital intensive liquefaction units over the last 24 months. However, the need to move towards cleaner sources of energy and diversify gas supply has stimulated the floating regasification market – over 14 countries are expected to commission their first floating import unit over the forecast period. Against this backdrop, SMi’s 5th annual Floating LNG conference will provide attendees with strategic insight on the latest developments within the FLNG market to optimise activities and ensure project sustainability and success. The two-day programme will also equip you with the tools to overcome the logistical, financial, technological and economic challenges associated with FLNG deployment and ensure succinct transition from design to operation.

More info

read more >

Fundamentals of LNG

Operational and commercial essentials of the Liquefied Natural Gas (LNG) sector – training course by tutored distance learning…

read more >

LNG Pricing, Trading & Risk Management: 2-Day Course

This is a highly practical course in which participants will receive and use the LNG Analysis Toolkit (TM), a suite of Excel templates and algorithms, to apply the concepts and techniques they will learn in the following areas:

  • Analyzing supply, demand, trade flows & pricing in the LNG markets
  • Constructing LNG forward market price & volatility curves
  • Pricing, structuring & negotiating competitive LNG supply contracts
  • Identifying & executing successful LNG trading and hedging strategies
  • Modeling & optimizing LNG position risk vs. reward
  • Profiling, measuring & hedging LNG portfolio risk

Our course is a truly unique professional development and learning experience that past participants have credited for boosting their knowledge, skills and productivity.

More info

read more >

CWC’s World LNG Summit & Awards Evening

Now in its 17th year, the CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry…

read more >