Gasunie has decided not to build an LNG terminal in the port of Terneuzen. According to the company, the construction of the terminal to receive liquid gas in the port of Zeeland is “not technically and economically feasible”. At existing locations in Rotterdam and Eemshaven, all energy is now channeled into increased import capacities.
In order for the Netherlands to survive the next winter without Russia and Groningen gas, its liquid gas import capacity needs to be increased from 24 billion cubic meters to 30 billion cubic meters. That’s why Gasunie now wants to build a fourth tank with a capacity of 4 billion cubic meters at Maasvlakte 2 in Rotterdam. Through a series of technical interventions, the efficiency of the swimming terminal in Eemshaven in Groningen needs to be increased by 2 billion cubic meters.
Low gas consumption makes the boiler comfortable
Gas storage facilities are still in good condition, as gas plants, households and industry consumed significantly less gas last year than in 2021. Therefore, the need for reinforcement in the spring is lower than previously assumed. This saves Gasunie from having to set up a site to buy liquid gas before the end of this year.
Gasunie board member Ulco Vermeulen had previously pointed out that Terneuzen is a more complex place than Rotterdam and Eemshaven. “Large tankers need to be able to reach the port, the berth needs to be made available and our own pipelines need to be able to handle the volume of gas.”
As Gasunie expects the gas market to “squeeze” up to and including winter 2024/2025, the company will continue to look elsewhere for new LNG facilities.
Source: NOS
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
