German LNG venture gets the go ahead

Gasunie, Oiltanking and Vopak acquired the approval under the EU Merger Regulation. The companies say that the go ahead for the new joint venture is a step forward for the feasibility study which they are currently conducting.

The location for the new multi-service LNG terminal, which will include import and small scale services, is earmarked at Brunsbüttel along the Elbe river close to the city of Hamburg.

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 say they are ready to jointly work towards the next development phase. No financial investment decisions have been taken as yet.