Terminal developer Vopak is looking to grow its LNG position in Asia and other parts of the world.
Investor relations manager Rob Boudestijn said this week: “We are definitely looking at expanding our position in that market but we will have a very cautious approach.”
He emphasised that the company will remain a pure provider of tank infrastructure and will not take positions in the product itself, adding the business model is relatively new to the wider LNG market. The developer took its first steps in the LNG sector by partnering compatriot Gasunie at Rotterdam’s new Gate LNG terminal.
Last week Vopak teamed up with Spain’s Enagas to buy into the Altamira terminal in Mexico.
Earlier this month, the Dutch company and its joint venture Malaysian partner Dialog Group took a final investment decision to build a new crude oil and products terminal in Pengerang in Malaysia.
