Ploum advises Gate terminal on the construction of 4th LNG tank at the port of Rotterdam

At the end of August 2023, Gate terminal and its shareholders Gasunie and Vopak, announced that the final investment decision had been taken to expand Gate terminal’s storage and regasification capacity. The expansion consists of a new LNG storage tank of 180,000 cubic meters and additional regasification capacity of 4 BCM per year. Over the past year, Jacob Henriquez (partner Construction Law at Ploum) has supported Gate terminal in drafting and negotiating the construction contracts for the design and build of the 4th LNG tank at the port of Rotterdam. The new capacity is already rented out under long term commercial agreements and is expected to be ready for operation by the second half of 2026. The terminal plays a crucial role in the supply and availability of gas in the Netherlands and its neighboring countries. Once all envisaged projects at Gate terminal have been completed, the terminal will have a total regas capacity of 20 billion cubic meters per year. The total investment is approximately EUR 350 million.

Jarmo Stoopman, Managing Director at Gate terminal: “Now that all elements are in place, we are happy that today we can start with the construction of this important expansion. We look forward to working with our contractors and ensuring a safe and timely construction of this 4th tank.”

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Gate terminal starts construction of 4th LNG tank at the port of Rotterdam - Gate