New 25-year agreement to help Port of Gothenburg become energy hub of the future

Sweden’s Port of Gothenburg has signed new agreements with Inter Terminals Sweden, a Scandinavian bulk liquid storage provider, that would lay the foundation for the port to transition to an energy hub of the future.

The agreements are said to benefit both parties by providing increased predictability and long-term stability, creating favorable conditions for further investments in the ongoing energy transition of their respective operations.

On July 1, the parties signed both lease agreements covering above-ground areas and underground rock caverns, as well as a cargo port dues agreement based on traffic and volume. In short, the agreements stipulate the compensation payable to the port authority for Inter Terminals Sweden’s use of the port’s land, facilities, and infrastructure.

“With a 25-year agreement, we gain long-term stability and predictability, giving us a solid foundation for developing an energy port for the future focused on transitioning from fossil to renewable products. Having a skilled, long-term, and responsible partner like Inter Terminals Sweden with us in