EXMAR report 2025

Innovations 47 The Plan after 2027 The current contract remains in effect until 3Q2027. The customer EemshavenEnergyTerminal, a 50/50 joint venture between Gasunie and VOPAK, confirmed early 2025 their plans to continue the LNG import operations after 2027 with the aim to diversify energy sourcing and secure energy supply in Europe. Through a competitive process EXMAR was selected to prepare for the extension and further development of the LNG terminal for operation up to 2036. The terminal will have a storage capacity of approximately 190,000 m³ LNG and will give customers direct access to the Dutch TTF market. Together, we intend to extend the LNG import terminal by converting a large LNG carrier into a modern FSRU, designed to enhance terminal efficiency and seamlessly integrate with the existing EEMSHAVEN LNG (red) unit, currently operated by EXMAR as part of the EemsEnergyTerminal. For this purpose, an existing LNGC will be transformed into a modern high standard FSRU technically fully aligned with the existing FSRU EEMSHAVEN LNG and shore infrastructure and so obtain a highly energy- and cost-efficient terminal. This strategic partnership gives future customers comfort to actively participate in the open season and secure long-term access to LNG import capacity at EemsEnergyTerminal. EemsEnergyTerminal concluded the open season by 1Q2026. The extension of operations is subject to a positive final investment decision. In the coming months, EXMAR will support EemsEnergyTerminal and work with all relevant stakeholders to develop the next generation FSRU. 2.2 INFRASTRUCTURE