New partners Gate terminal
18 June 2008
Gasunie and Vopak new partners of Essent in LNG project Eemshaven, the Netherlands
- Gasunie and Vopak agreed with Essent to participate in the preparations of a new LNG import terminal in the Eemshaven port, the Netherlands
- Heads of Agreement signed
- Gasunie and Vopak each acquire a stake of 25% in the project
N.V. Nederlandse Gasunie (Gasunie) and Koninklijke Vopak N.V. (Vopak) have agreed with Essent N.V. to further develop the Eemshaven LNG project. Companies have signed a Heads of Agreement. As part of the deal, Gasunie and Vopak each acquire a 25% stake in the project, while Essent keeps a 50% stake. Gasunie and Vopak are partners who took the initiative to develop Gate terminal, the first Dutch LNG import terminal, which will be built at the Maasvlakte in the Port of Rotterdam, the Netherlands. The Gate terminal has an initial throughput capacity of 9 billion cubic meter (bcm) per year and can be expanded to a maximum of 16 bcm per year. The throughput capacity of the planned terminal in the Eemshaven port will be maximum 12 bcm per year.
Gasunie and Vopak have taken the final investment decision on the Gate terminal project, in which Essent will participate, both as a customer (for 3 bcm gas throughput) and as a shareholder (5%).
N.V. Nederlandse Gasunie (Gasunie)
Gasunie is a gas infrastructure and gas transmission company with a prominent position in Europe. The total length of its pipeline network in the Netherlands and Germany comes to more than 15,000 kilometres and, with an annual throughput of almost 125 billion m3, it ranks as one of the most extensive high pressure networks in Europe. Gasunie operates and develops the Dutch national gas transmission network and offers transmission services. Since 1 July 2008 Gasunie also owns the network of the former gas transport division of BEB and EMFG in Germany, which is now functioning under the name Gasunie Deutschland. Gasunie considers the wishes of its customers, who want their gas to be transported at competitive tariffs, to be of prime importance. Gasunie also offers other services within the scope of gas infrastructure. Gasunie carries out all these activities in a safe, efficient, profitable and sustainable manner. In doing so it also serves the public interest.
Royal Vopak (Vopak) is the world’s largest independent tank terminal operator specialising in the storage and handling of liquid and gaseous chemical and oil products. On request, Vopak can provide complementary logistic services for customers at its terminals. Vopak operates 76 terminals with a storage capacity of more than 26 million cubic meters in 31 countries. The terminals are strategically located for users and the major shipping routes. The majority of its customers are companies operating in the chemical and oil industries, for which Vopak stores a large variety of products destined for a wide range of industries.
For more information
Koninklijke Vopak N.V. (Royal Vopak)
Corporate Communication & Investor Relations
Telephone : +31 (0)10 – 400 2777
E-mail : email@example.com
Website : www.vopak.com
With an annual turnover of EUR 6,400 million in 2006, Essent is the largest energy company in the Netherlands. Essent supplies electricity, gas and heating to domestic and business customers. Essent is active throughout the energy chain: from the production of energy up to and including delivery to end users. The company regards the Netherlands as its home market, but has now also built up a considerable market position in Germany and is increasingly active in Belgium. The environmental branch of the concern processes waste into energy and residual current. Essent employs some 10,000 people.
For more information:
Press Officer Essent
Telephone: 0800-0244022 or +31-73 853 4939 (if you’re calling from abroad)