Elengy Fully Books French LNG Terminal
French LNG terminal operator Elengy has fully booked capacity at its Montoir-de-Bretagne terminal between 2023 and 2035, it said on December 3.
In July, the company invited subscriptions for 3.5bn m3/yr of firm and existing capacity at the terminal in western France between October 2021 and December 2035. It later gave bidders an extra month until November to file applications, citing “tremendous” interest.
The Montoir-de-Bretagne terminal is now fully booked between 2023 and 2035, and only a small amount of capacity is still available in 2021 and 2022, the company reported in a statement.
“This result reflects the dynamism of the LNG market , as well as the appetite for regasification capacity in France, gateway to North-West Europe gas markets,” it said. “Furthermore, it shows that gas has an important role to play in the energy transition in Europe in the coming years.”
Montoir-de-Bretagne is one of three LNG terminals operated by Elengy. The other two are Fos Tonkin and Fos Cavaou, situated on the Mediterranean coast. Commissioned in 1980 it is equipped with 360 000 m3 of storage capacity and two berths that can accommodate LNG tankers with tanks up to 267,000 m3 in size.