June 27, 2012 [Port of Gothenburg] - A terminal for liquefied natural gas, LNG, could be completed in Gothenburg, the largest port in Nordic region, as early as 2015. This is the aim of a letter of intent, signed by the Gothenburg-based Swedegas and the Dutch company Royal Vopak. The terminal can supply LNG to both shipping and industry and will be open to all parties interested in the Swedish market.
Royal Vopak, a specialist in the storage of liquefied natural gas and other energy products, and the infrastructure company Swedegas, which owns and operates the gas grid in south-west Sweden, have today announced that they will start a feasibility study for a LNG terminal. The Port of Gothenburg supports the initiative.
Magnus Kårestedt, Port of Gothenburg Chief Executive, says: “We welcome this initiative. Royal Vopak and Swedegas offer a strategic alliance with a strong combination of international experience and local market knowledge. The Port of Gothenburg has worked for a long time to be able to offer the shipping industry LNG 2015 by latest”.
The planned terminal capacity is 20,000 cubic metres, with possible further expansion according to market demand. Natural gas will be brought to the terminal by sea using special LNG vessels. The terminal will be open to all companies that are interested in supplying the Swedish gas market. The feasibility study, as agreed in the Letter of Intent, will include technical and financial parameters and is expected to be completed by the end of this year.
