Oiltanking, Vopak and Gasunie will establish a joint venture to own and operate a LNG terminal in Northern Germany.
The three companies acquired approval under the EU Merger Regulation and the decision is a milestone within the feasibility study, which the companies are currently conducting.
The companies are jointly investigating the possibilities for constructing and operating a multi-service LNG terminal, including import and small scale services, in Northern Germany. The location under investigation is Brunsbüttel along the Elbe River, close to Hamburg.
In a statement the companies say: ‘This positive decision of the European Commission is an important milestone in developing a LNG facility in Northern Germany.’
The study consists of economic, technical, nautical and regulatory assessments as well as the permits procedures.
The companies are now ready to jointly work towards the next development phase.