Uniper ups capacity in Gate LNG terminal

The German utility now owns the largest share of access to the Dutch terminal. But the deal offers little guarantee of supply security

Germany’s Uniper has secured an additional 1bn m³/yr of regasification capacity at the Gate LNG terminal in the Netherlands. The firm is, though, doing 80pc of its LNG trading business in Asia-Pacific—far from its home European market—reinforcing the that view the continent’s import capabilities do not of themselves offer any guarantees that volumes will be delivered. “LNG trading activities have grown significantly from less than 30 cargoes in 2016 to more than 300 to date this year—80pc of our cargoes have been traded in the Pacific Basin,” says Andreas Gemballa, LNG director at Uniper. The firm’s core markets are Germany, where it operates gas-fired power plants and sells gas to industria