Throughput capacity at the Gate terminal for liquefied natural gas (LNG) in the port of Rotterdam will be expanded by 4 billion cubic metres (bcm) by 2026, its shareholders Gasunie and Vopak said on Wednesday.
The expansion, which requires an investment of around 350 million euros ($380 million), will take the total capacity of the terminal to 20 bcm per year.
The new capacity is already rented out under long-term commercial agreements and is expected to be ready for operation by the second half of 2026.
In a bid to get rid of its dependence on Russian gas, the Netherlands last year also built an LNG terminal with a capacity of 8 bcm in the northern Eemshaven region.
($1 = 0.9210 euros)
(Reuters - Reporting by Bart Meijer; editing by Eileen Soreng)