European Commission approves German LNG terminal joint venture
Gasunie said its joint venture with Oiltanking and Vopak has acquired European Commission’s approval to create an LNG joint venture planning to build an LNG terminal in Germany.
The three companies are currently conducting a feasibility study for the project and 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.
The feasibility study consists of economic, technical, nautical and regulatory assessments as well as the permits procedures.
Noting that the EC approval is a major milestone for the project, the three companies added in a joint statement that they will work towards the next development phases, however, no financial investment decisions have yet been made.