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German LNG

Apr 16, 2021 9:15:am
Summary
The developer is very optimistic that commercial arrangements for the terminal s capacity can be finalised with RWE in two to three months.
by: Joseph Murphy
The project to build what could be Germany s first LNG import terminal is moving closer towards a final investment decision (FID), with talks on the reservation of a significant share of its capacity expected to reach a conclusion within two or three months.
German LNG Terminal (GLT), a joint venture between Dutch gas grid operator Gasunie, Dutch chemical storage firm Vopak and German logistics group Oiltanking, aims to develop an 8bn m3/year regasification terminal in Brunsbuettel in north Germany. German powe. ....

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Hanseatic LNG Open Season Secures Full Interest

Hanseatic LNG Open Season Secures Full Interest
Feb 22, 2021 3:20:pm
Summary
by: William Powell
Hanseatic Energy Hub (HEH) has concluded its extended open season for LNG import capacity in north Germany with confirmed market interest accounting for the full planned capacity of t.
Posted in: ....

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Vopak invests in storage capacity in the Netherlands

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Vopak is investing in the Port of Rotterdam, the Netherlands, for the storage of waste-based feedstocks for the production of biofuels such as biodiesel and bio-jet-fuel.
The market for energy from renewable sources in Europe is rising, in part as a result of the Renewable Energy Directive II of the EU. In total, 16 new tanks with a combined capacity of 64 000 m
3 will be built at Vopak Terminal Vlaardingen, located in the Port of Rotterdam. The renewable feedstocks that can be stored in the new tanks are waste materials, such as used cooking oil and tallow.
Vopak Terminal Vlaardingen already has extensive experience in storing these types of products. The terminal is strategically located within the Port of Rotterdam and is well connected for logistics by vessels, barges, trucks and trains. ....

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UPDATE 1-Vopak Q4 core profit misses expectations due to Malaysia terminal

(Recasts with CFO comments, details)
Feb 17 (Reuters) - Dutch oil and chemical storage company Vopak’s fourth-quarter core profit missed market expectations, due to a one-off accounting issue at its associate industrial terminal PT2SB in Malaysia.
Excluding this 20 million euro ($24.11 million) hit the company’s core profit would have met market expectations, analysts said.
Chief Financial Officer Gerard Paulides said the PT2SB asset had been unstable financially in the last six quarters or so and noted the significant impact of COVID among other factors.
“The asset’s results should however stabilise in 2021,” he told Reuters in an interview. ....

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CORRECTED-Oil storage firm Vopak Q4 core profit misses market expectations

Dutch oil and chemical storage company Vopak's fourth-quarter core profit missed market expectations on Wednesday, due in part to a one-off negative accounting result at its associate terminal PT2SB in Malaysia. ....

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