Dutch Gate terminal, a joint venture of Vopak and Gasunie, has launched an open season to gauge market interest in an additional capacity of four billion cubic metres per year (bcma) .
Operational since 2011, the Gate terminal’s initial capacity amounts to 12 bcma and can in the future go up to 16 bcma. The terminal’s other services include back-loading services for LNG vessels, ranging from small bunker vessels to large LNG carriers.
As a first step Gate terminal is inviting market parties to formulate a non-binding expression of interest (EOI). Following the signature of a confidentiality agreement, if not yet in place, parties can indicate in a free format their non-binding but bona fide interest in capacity at Gate.
The EOI should at least mention the required capacity (maximum four bcma), required duration (at least 10 years), required start-up date (between 1 April 2026 and 1 April 2028), and the required ultimate date by which the condition precedent of an investment decision should be lifted (indicatively 1 September 2023).
Participating in this non-binding phase is a requirement to participate in the binding phase which is tentatively scheduled from 14 November 2022 until 16 December 2022. Allocation rules will be announced prior to the binding phase.