Trafigura, one of the world’s largest commodities trading firms, plans to reopen the UK’s Teeside LNG import facility which was closed in 2015.
The trading house is investing about $30 million in the LNG import terminal and aims to start operations at the facility in the middle of next year, a Trafigura spokeswoman confirmed to LNG World News on Wednesday.
The facility will be supplied with natural gas by floating storage and regasification units (FSRUs).
Trafigura said it has already taken a long-term lease from PD Ports on the LNG terminal site.
However, the project is subject to obtaining necessary permits from the authorities.
The Teesside terminal located near Middlesbrough was placed in service in February 2007 by U.S.-based floating LNG player Excelerate Energy. It was the world’s first dockside floating regasification facility, according to Excelerate.
The terminal was decommissioned in 2015 as only a small number of cargoes were imported via the facility and it was not commercially viable to continue to operate it.
LNG World News Staff