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FINANCIAL NEWS
Abu Dhabi’s Taqa, Dutch govt in talks to change gas transport tariffs
30 Oct 2012
(MENAFN) Abu Dhabi National Energy Co (Taqa) is renegotiating the basis of gas transport tariffs with the Dutch government to increase the competitiveness of the 4.1 billion cubic metres (bcm) Bergermeer storage facility, Reuters reported.
Jan Willem van Hoogstraten, managing director of Taqa’s Dutch branch, said on Monday that at present a company wanting to use the storage pays twice to enter the Dutch grid; when gas crosses into the Netherlands and when it comes out of storage.
Hoogstraten said the capacity of the Bergermeer facility could be doubled to meet demand for extra storage once the biggest Dutch gas field at Groningen is depleted after 2020.
Taqa has a 60 percent stake in the Bergermeer project, which along with a liquefied natural gas (LNG) terminal in Rotterdam, is an important part of the Netherlands’ plan to become a European hub for distribution of imported natural gas when the country stops exporting its own gas output in 2025.
Energie Beheer Nederland BV (ENB), a Dutch state-owned gas company, owns the remainder.
The USD1 billion project is expected to partially run in April 2014 and will reach full capacity one year later.
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