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Dutch LNG terminal at Eemshaven to reach full capacity by end-Nov or early Dec: Gasunie

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Dutch LNG terminal at Eemshaven to reach full capacity by end-Nov or early Dec: Gasunie

Highlights

First LNG cargo arrived at new facility Sept 8

Startup of Eemshaven key to replacing Russian gas: CEO

Czech Republic to use facility to meet one-third of demand

  • Author
  • Stuart Elliott
  • Editor
  • Stuart Elliott
  • Commodity
  • LNG Natural Gas Shipping

The new Dutch LNG import terminal at Eemshaven is set to operate at full capacity by the end of November or early December, operator Gasunie said Sept. 9

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The first LNG tanker arrived at Eemshaven from the US' Sabine Pass facility on Sept. 8, and the first regasified LNG is set to flow into the Gasunie grid in mid-September.

"Various technical activities will continue over the next few weeks. The LNG terminal is expected to be operating at full capacity by the end of November/beginning of December," Gasunie said.

Eemshaven -- which is made up of two FSRUs with a combined import capacity of 8 Bcm/year -- is an integral part of Dutch plans to help reduce dependency on Russian gas in the Netherlands and Europe.

Concerns over Russian gas supplies have helped keep European prices at record highs and have led to a rush of countries looking to secure new FSRUs, with the Netherlands commissioning its facility in record time.

Platts assessed the Dutch TTF month-ahead price at an all-time high of Eur319.98/MWh on Aug. 26, according to data from S&P Global Commodity Insights. It was last assessed on Sept. 8 at Eur216.03/MWh.

Earlier in the week, Gasunie said it expected to be able to receive around 18 LNG cargoes at Eemshaven during the period up to Dec. 31, 2022.

Czech demand

The commissioning of the facility was marked Sept. 8 by a ceremony attended by Dutch energy minister Rob Jetten and the Czech prime minister Petr Fiala.

Czech utility CEZ has booked 3 Bcm/year of capacity at the terminal and has also completed plans for transporting the regasified LNG to the landlocked Czech Republic.

"This is a significant step for strengthening the energy security of the Czech Republic," Fiala said.

"Today, we have set out on the path of energy independence from Russia. The capacity leased in the terminal is able to secure as much as one-third of the Czech Republic's annual consumption," he said.

Gasunie CEO Han Fennema said the terminal would make an "important contribution" to the security of supply and would help the Netherlands and Europe reduce their dependence on Russian gas.

The terminal would complement Dutch plans to save as much gas as possible and fill its storage sites to ensure winter supply security, Jetten said.

Gasunie leased the two FSRUs -- Eemshaven LNG (from Exmar) and the Golar Igloo (from New Fortress Energy) -- both for a period of five years.

"Both FSRUs can regasify and feed gas into Gasunie's gas pipeline network," it said.

Gasunie added that while they are physically two FSRUs, the terminal would provide services to users as a single terminal.

Total capacity

The Netherlands has also worked to increase the capacity of its existing Gate LNG import terminal in Rotterdam to 16 Bcm/year from 12 Bcm/year.

Together with the new 8 Bcm/year FSRUs, the Gate expansion means that the Netherlands will have doubled its LNG import capacity to 24 Bcm/year.

The two FSRUs at Eemshaven have the capacity to be able to more than offset the recent level of Russian gas imports into the Netherlands of around 6 Bcm/year.

State-controlled Gazprom halted deliveries to Dutch trader GasTerra at the end of May after the Dutch company refused to comply with Moscow's new ruble-based payment scheme.

Gasunie has already secured bookings for the entire 8 Bcm/year of capacity at Eemshaven.

France's Engie in early August became the third and final company to book capacity at the terminal, buying 1 Bcm/year of import capacity.

It follows bookings by Shell and CEZ for a combined 7 Bcm/year of capacity, with CEZ taking 3 Bcm/year.

Platts is part of S&P Global Commodity Insights.