New Fortress Energy to Charter FSRU for Netherlands LNG Terminal
New Fortress Energy Inc. has executed a binding agreement to charter a floating storage and regasification unit (FSRU) to NV Nederlandse Gasunie (Gasunie). The five-year FSRU charter agreement will begin in third-quarter 2022 and provide storage and regasification capacity for Gasunie’s new LNG import terminal in the port Eemshaven, the Netherlands.
The chartered FSRU will provide storage capacity of approximately 170,000 sq. meters of liquefied natural gas with peak regasification capacity of 900 mmscfd. NFE’s FSRU will work in tandem with a third party’s FSRU to provide up to 8 Bcm per year of total regas capacity. The vessel will provide a core component of Gasunie’s Eems Energy Terminal which will immediately address the urgent energy security needs of the Netherlands and surrounding region as the U.S.-EU Task Force on Energy Security continues to implement the March 25 joint statement by Presidents Biden and von der Leyen.
“We are pleased to be working with Gasunie, one of Europe’s leading energy infrastructure companies, to add LNG import capacity and strengthen the energy security of the Netherlands and surrounding European countries,” Wes Edens, Chairman and CEO of New Fortress Energy, said. “We look forward to a successful, long-term partnership with Gasunie and see other areas for collaboration to enhance energy security and accelerate energy transition in Europe.”
The Eems Energy Terminal will in total add approximately eight Bcm per year of new regasification capacity for NW Europe, with expected start-up in third-quarter 2022. This new terminal capacity will increase energy security for The Netherlands and create sufficient LNG import capacity to meet the country’s gas needs without relying on pipeline imports, including gas from Russia.
The binding FSRU charter agreement is subject to the execution of definitive documentation which is expected to be completed in the coming weeks.
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