The Dutch energy company VTTI and the Norwegian owner and operator of LNG carriers Höegh LNG plan to develop an energy terminal in the Vlissingen port in the Netherlands. The Zeeland Energy Terminal would based on a floating storage regasification unit (FSRU) to import LNG and would later transition to hydrogen. The project is expected to become operational in the second half of 2027, and to have a capacity of up to 7.5 bcm/year, which corresponds to around 25% of the current total average gas consumption in the Netherlands.
VTTI and Höegh LNG will set up a 50-50% joint venture for the LNG import facility, which will be connected to the largest industrial clusters in the Netherlands and to the Dutch and European gas pipeline network. The project will be developed under a ‘Rijkscöordinatieregeling’, a decision-making process coordinated by the Dutch government for energy projects of national importance, with the first stage of this process being scheduled to start in the first quarter of 2024.
The Netherlands plans to become a European pivot in gas exchanges by developing its LNG import infrastructures, its gas pipelines, and its gas storage facilities. Between 2020 and 2030, total natural gas consumption is expected to decrease by 6–16 bcm, while production will decline by 14 bcm.
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