The joint venture between Gasunie, Oiltanking, and Vopak has received approval from the European Commission to establish an LNG joint venture aimed at constructing an LNG terminal in Germany.
Currently, the three companies are engaged in a feasibility study for the project and are exploring options for building and operating a versatile LNG terminal in Northern Germany, offering import and small-scale services.
The potential location under consideration is Brunsbüttel, situated along the Elbe River in close proximity to the city of Hamburg.
The feasibility study encompasses various assessments, including economic, technical, nautical, and regulatory evaluations, as well as permit procedures.
Acknowledging the EC approval as a significant milestone for the project, the three companies stated in a joint announcement that they will proceed with the subsequent development phases. However, they have clarified that no financial investment decisions have been made thus far.
