Gasunie and Vopak entered into a principle agreement according to which Vopak will acquire 50% of the shares in EemsEnergyTerminal, an LNG import terminal located in the Eemshaven in the Netherlands.
This transaction will be subject to a number of conditions, including approval from the competition authorities and is scheduled to be completed latest by 1 October 2023.
Gasunie developed this new floating LNG terminal in the Eemshaven area in response to gas supply insecurities and a desire to reduce the dependency on Russian gas.
The partners will explore to increase the capacity further and aim to jointly develop and operate open access LNG infrastructure in the Netherlands and contribute to the energy security of Europe. The two companies are planning the further development of the Eemshaven site to facilitate the import of green hydrogen.
Vopak said this move is in line with the company’s strategic priorities to improve its financial and sustainability performance, to grow its base in industrial and gas terminals, and to accelerate towards new energies and sustainable feedstocks.
EemsEnergyTerminal has been operational since 15 September 2022 and has a regas capacity of 8 billion cubic meters per year.
Ulco Vermeulen, director of business development at Gasunie, commented, “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.”
