European Commission approves JV to build LNG terminal in Germany

Gasunie LNG Holding B.V., Oiltanking GmbH and Vopak LNG Holding B.V. have acquired the approval under the EU Merger Regulation to establish a joint venture for constructing, owning and operating a multi-service LNG terminal (including import and small scale services) in Northern Germany.

This approval and positive decision of the European Commission is an important milestone within the feasibility study the companies are currently conducting to develop the LNG facility. 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. Now that the EC approval is in place, the parties are ready to jointly work towards the next development phases. No financial investment decisions have been taken yet.

Oiltanking GmbH is one of the largest independent tank storage providers for petroleum products, chemicals and gases worldwide, and operates 79 terminals in 24 countries within Europe, North and South America, Middle East, Africa, and Asia. Gasunie is a European gas infrastructure company, providing the transport of natural gas and green gas. Royal Vopak is an independent tank storage company, which operates a global network of terminals located at strategic locations along major trade routes.

https://www.ngvjournal.com/european-commission-approves-jv-to-develop-lng-terminal-in-germany/