Gate extends LNG terminal capacity allocation procedure

Gate extends LNG terminal capacity allocation procedureImage courtesy of Gate

The Gate liquefied natural gas (LNG) terminal in the Dutch port of Rotterdam, has decided to extend the LNG capacity allocation procedure.

Initially, the terminal operator offered up to 1 billion cubic meters per annum of available capacity and 2 billion cubic meters per annum of additional capacity.

Gate said it has signed several confidentiality agreements and received several expressions of interest from market parties, the statement reads.

“Despite good and interesting discussions with these parties, no contracts were signed by the deadline of April the 19th of 2019. As a result, none of the above capacity has been allocated yet,” Gate said.

Gate terminal will, however, continue offering the capacity to the market but now on a first-come-first-served basis both for the 1 BCM/a of available capacity and the 2 BCM/a of additional capacity, should a final investment decision on additional send-out equipment installation.

The procedure also remains open to parties not yet having signed a confidentiality agreement and/or an expression of interest.

Gate LNG terminal, owned jointly by Gasunie and Vopak,  initially planned to offer the current 1 bcm/a capacity for the period from September 1, 2021, to August 31, 2031.

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Posted on April 29, 2019 with tags .

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