Uniper supports further Gate expansion
11 October 2021
As part of an already long-standing, successful cooperation with Uniper, Gate terminal B.V. plans to invest in a further capacity expansion of 1.0 bcm per year. Together with the earlier announced investments to increase the capacity by 0.5 bcm per annum this will result in a total capacity of 13.5 bcm per annum. The additional send-out capacity is planned to become available as of 1 October 2024.
The expansion of its regas capacity at Gate mirrors the growth of Uniper’s LNG portfolio on the commodity side as well as the expansions of the LNG shipping portfolio. Currently there are already 7 LNG vessels under long- and mid-term charters. For Uniper, Gate is also of growing importance as a small scale LNG hub with 3 TWh/a expected to be loaded onto trucks and barges by the end of the year.
Andreas Gemballa, Director LNG at Uniper commented on the LNG terminal expansion: “At Uniper we strive to be the globally trusted partner for reliable and flexible LNG solutions, leveraging on our experience, relationships and our strong asset base in the Atlantic Basin. LNG Trading activities have grown significantly from less than 30 cargoes in 2016 to more than 300 to date this year. 80 percent of our cargoes have been traded in the Pacific Basin. Our portfolio emphasizes flexibility which is diversified across all dimensions including pricing indices, incoterms and geography. Coming October 2024 Uniper will be the biggest capacity holder at Gate terminal with a capacity of 4 bcm/a under a long-term contract.”
“Over the ten years of operations we have established a strong relationship with Uniper. We take it as a vote of confidence that Uniper has committed to additional capacity. We look very much forward to our continued cooperation, exploring together how we can continue to serve our customers best into the future”, says Wim Groenendijk, Managing Director at Gate terminal.