Gate terminal, a joint venture between N.V. Nederlandse Gasunie and Koninklijke Vopak N.V. has signed a 136 million senior financing agreement with the European Investment Bank (EIB) and a banking syndicate of eight international relationship banks.
This financing facility will be used for the expansion of the first Dutch Liquefied Natural Gas (LNG) import and regasification terminal on the Maasvlakte near Rotterdam. The financing facility adds to the initial 745 million senior financing agreement, which was signed in July 2008.
In August 2008, E.ON Ruhrgas joined DONG Energy, EconGas and Essent as the fourth customer of Gate terminal by signing a throughput agreement.
To accommodate all customers, the terminals throughput capacity will be expanded with 3 billion m3 of natural gas per year (bcma) to a total throughput capacity of 12 m3 a year and a second jetty will be constructed.
The terminal will play an important role in the future supply of natural gas to the European market and is expected to be fully operational in the second half of 2011.