European Commission approves JV for LNG terminal
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Under the EU Merger Regulation, Gasunie LNG Holding B.V., Oiltanking GmbH, and Vopak LNG Holding B.V. have acquired approval to establish a joint venture (JV) for owning and operating an LNG terminal in Germany.
The three companies are currently investigating the possibilities for constructing and operating a multi-service LNG terminal, which will include import and small scale services in Brunsbüttel.
The approval from the European Commission is seen as an important milestone in the feasibility study that the companies are currently conducting. The study consists of economic, technical, nautical and regulatory assessments, as well as the permits procedures.
The parties can now jointly work towards the next development phases.
The companies are yet to make financial investment decisions on the proposed project.
Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/13072017/european-commission-approves-jv-for-lng-terminal/
You might also like
The Hydrocarbon Engineering Podcast - Education and training for every phase of the insulating system design process
In this episode of the Hydrocarbon Engineering Podcast, Brandon Stambaugh, Owens Corning Director for Technical Services, joins us to discuss engineers’ demand for education and training to support the critical phases that affect the performance and longevity of insulating systems.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.