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Petronas, Gasunie consider gas infrastructure partnership

Uchenna Izundu
International Editor

LONDON, Apr. 26 -- Petronas has expressed an interest in becoming involved in the proposed Gate LNG terminal in the Netherlands, said Marcel Kramer, chief executive of NV Nederlandse Gasunie. "We are in discussions about the supply side for Gate LNG, which is at an advanced stage, and any further involvement," he told OGJ.

The companies signed a memorandum of understanding Apr. 25 at the LNG15 conference in Barcelona in hopes of forging a relationship to develop gas infrastructure in the Netherlands and exchange knowledge and expertise on technology and experience in the gas chain.

In an exclusive interview with OGJ, Kramer said Petronas's experience as a major international LNG producer and supplier and Gasunie's experience as a gas infrastructure developer in Europe had brought the companies together to explore other avenues for accessing gas markets in Europe.

"Petronas is looking at other LNG options in Europe; it is involved in the Dragon regasification terminal in the UK," he added. "There are also seasonal underground storage proposals in the Netherlands, and Petronas has an interest in becoming involved in that too." He declined to give details, stating that there are "various options under discussion."

Gasunie and Dutch utility Nuon are constructing the €350 million Zuidwending underground gas storage facility that is expected to start operations in 2010. The four planned subterranean gas storage caverns in the province of Groningen will have a capacity of 180 million cu m.

"This isn't suitable for seasonal gas storage, but we are getting useful experience from it," Kramer said. "We are interested in doing larger gas storage projects, and the Dutch government has also said on a number of occasions that security of supply is very important, and they also want to make the Netherlands a gas hub; storage would be an important way to do that."

Earlier this month, Shell Energy Europe BV agreed to take at least 4 billion cu m of capacity rights in Gate LNG regasification terminal under a heads of agreement signed with project operator Gate Terminal BV. The Gate terminal will have a regasification capacity of 8-12 billion cu m/year, depending on initial market demand, and could later expand to 16 billion cu m/year. It is expected to start operations in mid-2010.

Kramer declined to say when the collaboration with Petronas could start, stressing that negotiations continue between the parties. "I'm sure we'll have fruitful discussions," he said. "Europe needs additional gas supplies."

Contact Uchenna Izundu at uchennai@pennwell.com.

Petronas, Gasunie consider gas infrastructure partnership

Uchenna Izundu
International Editor

LONDON, Apr. 26 -- Petronas has expressed an interest in becoming involved in the proposed Gate LNG terminal in the Netherlands, said Marcel Kramer, chief executive of NV Nederlandse Gasunie. "We are in discussions about the supply side for Gate LNG, which is at an advanced stage, and any further involvement," he told OGJ.

The companies signed a memorandum of understanding Apr. 25 at the LNG15 conference in Barcelona in hopes of forging a relationship to develop gas infrastructure in the Netherlands and exchange knowledge and expertise on technology and experience in the gas chain.

In an exclusive interview with OGJ, Kramer said Petronas's experience as a major international LNG producer and supplier and Gasunie's experience as a gas infrastructure developer in Europe had brought the companies together to explore other avenues for accessing gas markets in Europe.

"Petronas is looking at other LNG options in Europe; it is involved in the Dragon regasification terminal in the UK," he added. "There are also seasonal underground storage proposals in the Netherlands, and Petronas has an interest in becoming involved in that too." He declined to give details, stating that there are "various options under discussion."

Gasunie and Dutch utility Nuon are constructing the €350 million Zuidwending underground gas storage facility that is expected to start operations in 2010. The four planned subterranean gas storage caverns in the province of Groningen will have a capacity of 180 million cu m.

"This isn't suitable for seasonal gas storage, but we are getting useful experience from it," Kramer said. "We are interested in doing larger gas storage projects, and the Dutch government has also said on a number of occasions that security of supply is very important, and they also want to make the Netherlands a gas hub; storage would be an important way to do that."

Earlier this month, Shell Energy Europe BV agreed to take at least 4 billion cu m of capacity rights in Gate LNG regasification terminal under a heads of agreement signed with project operator Gate Terminal BV. The Gate terminal will have a regasification capacity of 8-12 billion cu m/year, depending on initial market demand, and could later expand to 16 billion cu m/year. It is expected to start operations in mid-2010.

Kramer declined to say when the collaboration with Petronas could start, stressing that negotiations continue between the parties. "I'm sure we'll have fruitful discussions," he said. "Europe needs additional gas supplies."

Contact Uchenna Izundu at uchennai@pennwell.com.