The storage provider for energy VTTI explores the development of a floating liquefied natural gas facility that will provide the Netherlands additional storage and import capacity for LNG.
Additional capacity is needed to enhance the gas supply to the Netherlands and Europe, contributing to the security of supply. At the same time, it will strengthen the competitiveness in LNG deliveries and infrastructure, while delivering a transitional infrastructure solution towards green energy carriers.
The floating storage and regasification unit facility will be connected to one of the largest industrial clusters in the Netherlands and to the Dutch and European gas grid. The facility will have an annual throughput capacity of approximately 5 billion cubic meters, which corresponds to around 15% of the current total gas consumption in the Netherlands. In time, VTTI plans to use the infrastructure for the import of green energy carriers such as hydrogen. VTTI aims to bring the facility operational in the beginning of 2024.
Mr. Guy Moeyens, the CEO of VTTI pointed out that “as part of our diversification strategy, VTTI’s ambition is to develop a worldwide LNG portfolio at strategic locations, offering transitional solutions for green energy carriers such as hydrogen. The Netherlands needs additional LNG import capacity in the short term to enhance energy supply security. We are pleased to contribute to this based on our many years of experience in the field of energy infrastructure and storage.”
This is in line with the Dutch government policy, to work towards a CO2-neutral and circular energy economy by 2040, as the company says today.