Uniper increases capacity at Gate terminal

Uniper said it will increase its capacity rights at Gate terminal B.V., a joint venture of Vopak and Gasunie, by 1 bcm per year for a period of three years starting the first of  October.

"In these challenging times Uniper continues to broaden the access of its global LNG portfolio into Northwest Europe to fortify the security of supply for Germany and the Netherlands," Uniper CCO, Niek den Hollander said in a statement. 

The company said  that its European regasification capacity includes bookings at Isle of Grain with 1.7 bcm/a, Gate with up to 5 bcm/a and market access in Spain.

"This transaction is a prime example of close German-Dutch cooperation with concrete action in times of emergency. We will continue to explore on a daily basis how to best help our customers and society in serving the LNG and gas markets. The LNG arriving at Gate terminal is of great importance for the gas supply of the Netherlands and the whole of Northwest Europe," said Gate Managing Director, Wim Groenendijk.

The companies said that In anticipation of a tighter gas market, they are committed to a further capacity increase of 1 bcm/a starting 1 October 2024. These transactions will be in addition to the ongoing 3 bcm/a Uniper holds since the start of Gate terminal, Uniper said.

The company traded more than 350 LNG cargoes worldwide and operated seven LNG carriers in 2021.