Gate terminal, a joint venture between Nederlandse Gasunie and Koninklijke Vopak has signed a € 136 million senior financing agreement with the European Investment Bank and a banking syndicate of eight international relationship banks. This financing facility will be used for the expansion of the first Dutch Liquefied Natural Gas (LNG) import and regasification terminal on the Maasvlakte near Rotterdam. The financing facility adds to the initial € 745 million senior financing agreement, of July 2008.
In August 2008, E.ON Ruhrgas joined DONG Energy, EconGas and Essent as the fourth customer of Gate terminal by signing a throughput agreement. To accommodate all customers, the terminal’s throughput capacity will be expanded with 3 billion cubic meters of natural gas per year (bcma) to a total throughput capacity of 12 bcma and a second jetty will be constructed. The terminal will play an important role in the future supply of natural gas to the European market and is expected to be fully operational in the second half of 2011.
European companies
The initial annual throughput capacity of 12 bcma can be increased to 16 bcma in the future. Four European energy companies (DONG Energy from Denmark, EconGas from Austria, E.ON Ruhrgas from Germany and Essent from the Netherlands) have signed long term throughput agreements with Gate terminal. As part of the agreement these customers (or their major shareholders) each hold a 5% equity stake in Gate terminal. The remaining 80% of shares are held by Gasunie and Vopak, thereby safeguarding the independence of the terminal.
In August 2008, E.ON Ruhrgas joined DONG Energy, EconGas and Essent as the fourth customer of Gate terminal by signing a throughput agreement. To accommodate all customers, the terminal’s throughput capacity will be expanded with 3 billion cubic meters of natural gas per year (bcma) to a total throughput capacity of 12 bcma and a second jetty will be constructed. The terminal will play an important role in the future supply of natural gas to the European market and is expected to be fully operational in the second half of 2011.
European companies
The initial annual throughput capacity of 12 bcma can be increased to 16 bcma in the future. Four European energy companies (DONG Energy from Denmark, EconGas from Austria, E.ON Ruhrgas from Germany and Essent from the Netherlands) have signed long term throughput agreements with Gate terminal. As part of the agreement these customers (or their major shareholders) each hold a 5% equity stake in Gate terminal. The remaining 80% of shares are held by Gasunie and Vopak, thereby safeguarding the independence of the terminal.
