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Vopak provides an update on its LNG project portfolio

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Picture of Meenal Datar

Meenal Datar

Membership specialist

Energy giant, Vopak has provided an update on its LNG project portfolio. The update includes a principle agreement with energy network operator, Gasunie. By the terms of the agreement Vopak will acquire 50% of the shares in EemsEnergyTerminal B.V, located in the Eemshaven in the Netherlands. This transaction is expected be completed latest by 1 October 2023.

The LNG terminal has been operational since 15 September 2022 and has a regas capacity of 8 billion cubic meters per year. The partners will explore to increase the capacity further. This agreement highlights the commitment of Gasunie and Vopak to jointly develop and operate open access LNG infrastructure in the Netherlands and contribute to the energy security of Europe. The partners are planning the further development of the Eemshaven site to facilitate the import of green hydrogen.

Ulco Vermeulen, director business development at Gasunie says: ‘I am pleased with the intention of Vopak to become a co-shareholder in EemsEnergyTerminal, as our long-term partner in enabling energy import and terminalling. By pooling our knowledge and experience we will offer a unique and reliable LNG import solution and we will be even better positioned and committed to the future development of green hydrogen import infrastructure.’

‘We are excited to build upon our successful partnership with Gasunie. This fits very well with Vopak’s strategy to grow in LNG infrastructure and accelerate towards new energies. We are proud to develop and operate reliable and open access infrastructure as this plays an important role both in the security of energy, as well as in the energy transition,’ adds Walter Moone, president new energies and LNG at Vopak.

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