As a first step Gate terminal B.V. is inviting market parties to formulate a non-binding expression of interest (EOI). Following signature of a confidentiality agreement (for which Gate will provide the draft), if not yet in place, parties can indicate in a free format their non-binding but bona fide interest in capacity at Gate. The EOI should at least mention the required capacity (maximum 4 BCM per year), required duration (at least 10 years), required start-up date (between 1 April 2026 and 1 April 2028) and the required ultimate date by which the condition precedent of an investment decision should be lifted (indicatively 1 September 2023 dependent a.o. on obtaining an exemption from regulations on tariffs and access conditions).
The EOI, in English and signed by senior management, should be received before Friday 14 October 2022, 12.00 (local Dutch time) on the following e-mail address: OS2022@gateterminal.com. This is also where you can request the confidentiality agreement. Gate terminal B.V reserves the right to postpone the deadline.
Participating in this non-binding phase is a requirement to participate in the binding phase which is tentatively scheduled from Monday 14 November 2022 until Friday 16 December 2022. Allocation rules will be announced prior to the binding phase.
Each party will bear its own costs associated with the open season.
No rights can be derived from participating in the process.
Gate terminal B.V may change the process as long as no binding throughput contracts are in place.
(Source: Tank News Int., Sept. 6-2022)