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Deputy Prime Minister, Minister of Economic Affairs, Agriculture and Innovation, Maxime Verhagen: “Gate terminal marks a crucial next step in the development of the Netherlands as the gas hub of Northwest Europe. Over the last decade, gas has changed from a local energy source into a global commodity. More and more countries are linking into a worldwide gas web – a web in which the Netherlands as home to Gate terminal, the Gas Access To Europe, can play a pivotal role.” Paul van Gelder, Chairman of the Executive Board of Gasunie and Eelco Hoekstra, Chairman of the Executive Board of Vopak, jointly commented: “Gate terminal fits perfectly with the aims of the Dutch gas roundabout: LNG can be transported from all over the world, providing additional sources of supply for Northwest Europe. This diversification improves not only the security of supply, but also liquidity in the market, a factor which is becoming increasingly important in the European gas market. This first LNG terminal in the Netherlands was initiated by Gasunie and Vopak because we saw the perfect opportunity to offer new services to our customers. Our shared vision has certainly been one of the success factors of the project.” Profile N.V. Nederlandse Gasunie (Gasunie) Gasunie is a gas infrastructure and transport company with an authoritative position in Europe. Its responsibilities include the management and development of the national gas transmission network and the provision of gas transport and infrastructure services. It meets the wishes of customers who want their natural gas to be transported safely and sustainably at a competitive price. In doing so it also serves the public interest. Profile Vopak Royal Vopak is the world's largest independent tank storage service provider, specializing in the storage and handling of bulk liquid chemicals, gasses and oil products. Vopak operates 82 terminals (including Gate terminal) in 31 countries with a storage capacity of 26.6 million cubic meters (cbm). Through the previously announced projects under construction Vopak will add 6.7 million cbm to its total storage capacity for bulk liquids on a global scale in the coming years, leading to a total storage capacity of more than 33 million cbm in 2014. The terminals are strategically located for users along the major shipping routes. The majority of its customers are companies operating in the chemical and oil industries, for which Vopak stores a large variety of products destined for a wide range of industries. Profile Gate terminal B.V. In 2005, N.V. Nederlandse Gasunie and Royal Vopak decided to jointly develop Gate terminal (Gas Access To Europe), the first independent LNG import terminal in the Netherlands and are the main shareholders of Gate terminal. The imported LNG will be unloaded, stored and regasified at the terminal before distribution through the gas transmission network for the European markets. The terminal will have an initial annual throughput capacity of 12 billion cubic meters per year (bcma) and can be increased to 16 billion cubic meters per year in the future by building a fourth tank. Five European energy companies (DONG Energy from Denmark, EconGas from Austria, E.ON Ruhrgas from Germany, RWE Supply & Trading from Switzerland and Eneco from the Netherlands) have signed long term throughput agreements with Gate terminal. Vopak press release |