The expansion consists of a new LNG storage tank of 180,000 cubic meters and additional regasification capacity of 4 BCM per year.
The new capacity is already rented out under long term commercial agreements and is expected to be ready for operation by the second half of 2026.
Vopak and Gasunie are the founders and owners of Gate terminal in Rotterdam which has been operational since 2011.
The terminal plays a crucial role in the supply and availability of gas in the Netherlands and its neighbouring countries. Once all envisaged projects at Gate terminal have been completed, the terminal will have a total regas capacity of 20 billion cubic meters per year.
Hans Coenen, on behalf of the board of directors of Gasunie, said: “The investment in this new tank is part of a broader package of proposed and already realised measures to increase LNG import capacity in the Netherlands. This is necessary to compensate for the loss of Russian natural gas and to reduce the scarcity of natural gas on the European gas market.
“In addition to expanding LNG import capacity, Gasunie is continuing to accelerate the energy transition. For example, through the construction of a national hydrogen network and the conversion of import terminals. We will also continue to focus on green gas, transport of heat and CO2 capture and storage.”
Dick Richelle, CEO at Vopak, added: “We are excited to build upon our successful partnership with Gasunie. This investment fits well with Vopak’s strategy to grow in LNG infrastructure. We are proud to develop and operate reliable and open access infrastructure as this plays an important role in the security of supply of energy.”