July 13, 2017 [Royal Vopak] - Gasunie LNG Holding B.V., Oiltanking GmbH, and Vopak LNG Holding B.V. have acquired the approval under the EU Merger Regulation to establish a joint venture for owning and operating a liquefied natural gas (LNG) terminal in Northern Germany.
This decision is a milestone within the feasibility study, the companies are currently conducting.
The three 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 the city of Hamburg. This positive decision of the European Commission is an important milestone in developing a LNG facility in Northern Germany. The feasibility study consists of economic, technical, nautical and regulatory assessments as well as the permits procedures.
Now that the EC approval is in place, the parties are ready to jointly work towards the next development phases. No financial investment decisions have been taken yet.
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