Shell to buy capacity in Gate LNG terminal

Uchenna Izundu
International Editor

LONDON, Apr. 24 -- Shell Energy Europe BV has agreed to take a maximum of 4 billion cu m of capacity rights in the proposed Gate LNG regasification terminal in Rotterdam under a heads of agreement signed with the project operator, Gate Terminal BV.

The European Commission has granted an exemption to third-party access for the project, signaling that the terminal will probably start up in mid-2010 as planned.

The Gate terminal will have a regasification capacity of 8-12 billion cu m/year, depending on initial market demand, and could later expand to 16 billion cu m/year.

"The boards of Gate Terminal BV and Port of Rotterdam have agreed to a long-term lease of 50 years for 23 hectares on the Maasvlakte, which is expected to be formally approved shortly by shareholders of the Port of Rotterdam," said Royal Vopak, a Gate Terminal shareholder.

Electricite de France has also reserved 3 billion cu m/year of regasification capacity at Gate LNG, and it holds a 10% capital stake in the terminal.

Gate Terminal is a joint venture of NV Nederlandse Gasunie and Koninklijke Vopak NV.

Contact Uchenna Izundu at

Related Articles

DOE approves LNG exports to non-FTA countries from Oregon project

03/24/2014 The US Department of Energy conditionally approved Jordan Cove Energy Project LP’s application to export LNG through its proposed terminal on Orego...

INGAA Foundation forecasts oil, gas infrastructure outlays to 2035

03/18/2014 An estimated $640.9 billion, or an average $29.1 billion/year, will need to be spent on US and Canadian midstream crude oil, natural gas, and natur...

Cameron LNG awards export-plant contracts

03/17/2014 Cameron LNG LLC has awarded CB&I and Chiyoda International Corp. a $6 billion engineering, procurement, and construction contract to build a 13...

IOC to buy stake in proposed PNW LNG terminal

03/17/2014 Indian Oil Corp. Ltd. (IOC) has signed an agreement with Progress Energy Canada Ltd., Calgary; Pacific Northwest LNG Ltd. (PNW LNG), Vancouver, BC;...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!


Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected