Daily Management Review

Shell and CEZ to supply seven billion cubic meters of LNG per year to the Netherlands


According to a news statement from Gasunie, Dutch Shell and Czech CEZ inked a cooperative deal with the Dutch gas business Gasunie to provide 7 billion cubic meters of liquefied natural gas (LNG) annually to its new terminal EemsEnergyTerminal.

"Contracts have been signed by Gasunie subsidiary EemsEnergyTerminal with the first providers who will supply LNG through the Dutch port of Eemshaven. A deal to supply 7 billion cubic meters of LNG has been struck by CEZ and Shell Western LNG together," the report states. In the upcoming months, another billion cubic meters of gas will be contracted.

The port of Rotterdam served as the only LNG terminal in the Netherlands up until that point. The terminal at Eemshaven and the enhancement of the terminal in Rotterdam, according to the study, will treble the import capacity for liquefied natural gas.

Two floating storage and regasification units with a combined annual capacity of 8 billion cubic meters will make up the LNG-terminal. The first unit, according to the report, has already arrived in Rotterdam's port, where it will be made operational. At the end of August, both ships are expected to dock at the port. Gasunie anticipates receiving its first deliveries in the fall.

source: reuters.com