Final investment decision increases Gate terminal’s capacity

Oil&Gas

The Netherlands – The final investment decision has been made to increase Gate terminal’s capacity for storage and regasification, according to the Gate Terminal and its shareholders Gasunie and Vopak.

A new 180,000 cubic meter LNG storage tank and an additional 4 BCM per year of regasification capacity make up the expansion. By the second half of 2026, the new capacity, which has already been leased under long-term business contracts, is anticipated to be operational.

Investment

The overall investment is estimated to be around EUR 350 million. In order to finance this expansion, it is planned for 15% of the expenses to be covered by equity and 85% of the costs to be covered by project financing that is non-recourse and for which agreements have already been made. By the end of 2023, the project funding is anticipated to be completed. Each stakeholder will contribute roughly EUR 26 million in equity, with payouts anticipated in the upcoming years.

Gate terminal

The Rotterdam-based Gate terminal was founded and is owned by Vopak and Gasunie. It has been in operation since 2011. The terminal is essential to the flow and accessibility of gas throughout the Netherlands and its surrounding nations. The Gate terminal will have a total regas capacity of 20 billion cubic meters annually after all planned projects are finished.

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