Gate invites bids for 2021-2031 terminal capacity

Gate invites bids for 2021-2031 terminal capacity
Image courtesy of Gate

The Gate liquefied natural gas (LNG) terminal in the Dutch port of Rotterdam, owned jointly by Gasunie and Vopak, has invited interested parties to book capacity at the facility in an open season. 

The terminal has a send-out capacity of 12 billion cubic meters per annum (BCM/a) with Gate intending to increase the capacity by up to 2 Bcm/a by installing additional send-out equipment.

During this open season, parties can book this additional capacity as well as the currently available capacity of 1 BCM/a of the existing terminal for the period from September 1, 2021, to August 31, 2031.

The latter will not be offered on a ‘first come/first served’ basis until after the open season, Gate said on Thursday.

The terminal operator noted that the 1 Bcm/a of available capacity includes berthing slots, storage entitlements and send-out rights.

The 2 Bcm/a of additional capacity includes send-out rights but no additional storage entitlements or berthing slots.

Gate noted that interested parties have until April 19, 2019, to sign binding deals.

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