Gasunie LNG, Oiltanking And Vopak LNG To Form Joint Venture To Own And Operate LNG Terminal

Published: Jul 12 2017
Deal Summary

Gasunie LNG Holding B.V., a subsidiary of N.V. Nederlandse Gasunieis, a gas infrastructure company, Oiltanking GmbH, a logistics service provider of tank terminals for mineral oil products, chemicals, and gases, and Vopak LNG Holding B.V, a subsidiary of Koninklijke Vopak N.V. (Royal Vopak), a tank storage company, agreed to form joint venture for owning and operating a liquefied natural gas (LNG) terminal in Northern Germany.

Currently, the three companies are jointly investigating the possibilities for constructing and operating a multi-service LNG terminal, including import and small scale services.

European Commission approved the formation of joint venture.

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