Dutch multi-utility company Delta N.V. and global LNG terminal developer 4Gas last week announced a Memorandum of Understanding (MoU) for capacity rights in 4Gas' LionGas LNG terminal in the Port of Rotterdam. The MoU assigns capacity rights to 1 billion cubic meters per annum (bcma) to be purchased by October 2012.
4Gas CEO Paul van Poecke said: "We are delighted to come to an agreement with a major Dutch utility. We're looking forward to working closely with Delta in the realization of the LionGas project, which is positioned to be operational in 2012."
Delta CEO Peter Boerma said: "With this agreement, we can substantially strengthen our position in the Dutch gas market and significantly increase the delivery flexibility in our portfolio which will create the basis for further growth. Apart from our company, our customers will be the main beneficiaries of this memorandum."
The LionGas LNG import and regasification terminal will be based at the mouth of the Port of Rotterdam with an initial annual throughput capacity of 9 billion cubic meters. The site is sufficiently large and has permits for expansion to 18 bcma capacity. The project has received all its environmental and construction permits.
4Gas is dedicated to developing and operating LNG import, regasification and storage terminals around the world. It is the world's only independent company with a focus on LNG and a global footprint. Current projects include Dragon LNG in Milford Haven, Wales; the LionGas project in Rotterdam, The Netherlands; the Pegaz LNG project near Bordeaux, France; the MapleLNG project in Nova Scotia, Canada; the Vista del Sol project in Corpus Christi, Texas, USA; the Mashal LNG project near Karachi, Pakistan and a project near East Java, Indonesia. 4Gas has offices in Rotterdam (HQ), Houston, Halifax, Paris, Jakarta, Bordeaux, Islamabad, Abuja and Hong Kong. The Carlyle Group and Riverstone Holdings, LLC are the largest shareholders in 4Gas.
The division of Delta N.V., Delta Energie B.V. is a Dutch utility that operates across the entire supply chain, from electricity generation and fuel purchasing to industrial end-user sales. Delta has a professional trading floor on which electricity and fuels are traded on the wholesale markets. With vertically integrated mix of activities, the company is strongly positioned in an evolving market, and aims to supply more and better products.