Gasunie, Oiltanking and Vopak JV to develop LNG Terminal in Northern Germany

Gasunie, Oiltanking and Vopak JV to develop LNG Terminal in Northern Germany

Gasunie LNG Holding B.V., Oiltanking GmbH and Vopak LNG Holding B.V. have received approval from the EU Merger Regulation to establish a joint venture for an LNG terminal in Northern Germany.

The three companies are jointly investigating the possibilities for constructing and operating a multi-service LNG terminal, including import and small scale services, in Northern Germany. The location under investigation is Brunsbüttel along the Elbe river close to the city of Hamburg.

Now that the EC approval is in place, the parties are ready to jointly work towards the next development phases. No financial investment decisions have been taken yet.

Oiltanking is one of the largest independent tank storage providers for petroleum products, chemicals and gases worldwide. The company owns and operates 79 terminals in 24 countries within Europe, North and South America, Middle East, Africa, India as well as in Asia. Oiltanking has an overall storage capacity of 21 million cbm.

Gasunie is a European gas infrastructure company. The company transports natural gas and green gas via its subsidiaries Gasunie Transport Services B.V. (GTS) in the Netherlands and Gasunie Deutschland in Germany. The company also offers other services in the gas infrastructure field, including gas storage and LNG.

Royal Vopak is the world’s leading independent tank storage company. It operates a global network of terminals located at strategic locations along major trade routes. With a 400-year history and a strong focus on safety and sustainability, the company ensures efficient, safe and clean storage and handling of bulk liquid products and gases for its customers.

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17th July 2017