Dutch Gate sees lower quarterly LNG volumes

Dutch Gate terminal in the Port of Rotterdam, owned by Gasunie and Vopak, saw lower LNG volumes in the first quarter as most of the cargoes diverted from Europe to Asia.

The Port of Rotterdam said in its first-quarter report that total LNG throughput in the port reached 1.52 million tonnes, down 26.8 percent when compared to the year before.

Deliveries to the Gate terminal, which is a hub for all LNG volumes in the port, dropped 36.5 percent to 1.29 million tonnes.

“The decline in LNG volumes is a result of decreased import flows. Higher price levels in Asia led to a growth in LNG transport to that market,” the port said.

LNG cargoes diverted from Europe to higher-paying markets in Asia following an unbelievable surge in spot prices in January.

On the other side, the Port of Rotterdam said outgoing LNG volumes rose more than five times to 229,000 tonnes.

This is due to a steady rise in LNG bunkering operations in the port as the world’s fleet of LNG-powered vessels continues to rise.

The port is a strong supporter of LNG as a bunker fuel and has developed one of the world’s biggest LNG fueling chains.

Moreover, a total of ten LNG bunkering vessels operate in Rotterdam’s port area, of which three are working on a permanent basis. Gate provides most of these LNG fuel volumes.

Worth mentioning here, Gate will close in June for its first major maintenance turnaround since the start of operations almost ten years ago.

The maintenance work will last for about one month starting June 15.

Most Popular

Venture Global nears launch of Plaquemines LNG production

According to a FERC filing, Plaquemines LNG has now fulfilled the environmental conditions which were necessary prior to the...

Golar CEO says Nigerian FLNG FID unlikely before 2025

In June, Golar and NNPC signed a project development agreement (PDA) for the deployment of an FLNG. The agreement aims...

Geocean kicks off work on Congo FLNG mooring project

French marine and offshore contractor, Geocean, a VINCI Construction Grands Projets unit, has started working on a new contract...

More News Like This

Rotterdam LNG throughput down in January-September

The port, home to Gasunie’s and Vopak’s Gate LNG import terminal, said that total LNG throughput reached 8.4 million...

Rotterdam LNG bunkering volumes continue to increase

Europe’s largest bunkering port and home of the Gate LNG import terminal reported LNG volumes of 220,120 cubic meters...

Dutch Gate gets first cargo from NFE’s Altamira LNG terminal in Mexico

The 138,000-cbm Energos Princess delivered the maiden cargo from Altamira to the LNG terminal owned by Gasunie and Vopak. Energos...

FID taken on German onshore LNG terminal

"The FID was taken within the last two weeks," a spokesman for German LNG Terminal told LNG Prime on...