International law firm Simmons & Simmons has advised Gate terminal, a joint venture between Gasunie and Royal Vopak, on its expansion through adding infrastructure allowing it to offer LNG break bulk services to its customers at the terminal.
The expansion will enhance Gate terminal’s ability to act as the gateway for LNG progressing into North Western Europe. The new infrastructure will assist meeting the demand for the use of LNG as a fuel, which is expected to grow substantially following the introduction of stringent new emission regulations (SECA) for the marine sector in the North Sea and in the Baltic Sea from 2015.
Shell has been contracted as the launching customer of the new facilities. Construction is due to start this year and completion scheduled for 2016.
Commenting on the transaction, Andrew Petry said: “I have worked on the Gate terminal LNG project since 2006. On behalf of the team here at Simmons & Simmons, we are pleased to be involved in this latest expansion to help Gate terminal lead the way internationally by developing new services for its customers in a rapidly changing Gas market environment’’.
The Simmons & Simmons team was led by London based Energy & Infrastructure finance specialist, Andrew Petry, assisted by Rose-Anna Daukes.
Adapted from press release by Katie Woodward
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