Vopak to become shareholder in EemsEnergyTerminal

Gasunie and Vopak entered into a principle agreement whereby Vopak will acquire 50% of the shares in EemsEnergyTerminal. This transaction will be subject to a number of conditions, including the approval from the competition authorities. The transaction is targeted to 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: “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.”

Walter Moone, president New Energies & LNG at Vopak: “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.”

Vopak and Gasunie are the founders and owners of Gate terminal in Rotterdam which has been operational since 2011. The terminal has a current regas capacity of 16 billion cubic meters per year. The Open Season gauging market interest for an additional 4 billion cubic meters per year of regas capacity has recently been closed, a fourth tank would be constructed for this additional capacity. Gate will continue to develop this project, including financing with the aim to reach a final investment decision by September 2023. Once all envisaged projects at Gate terminal have been completed, the terminal will have a regas capacity of 20 billion cubic meters per year.