In order to respond to market signals for regasification capacity, Elengy conducted a commercial operation for the Montoir-de-Bretagne LNG terminal from July to November 2019.
The Open Subscription Period (OSP) consisted of offering the not yet subscribed regasification capacity of more than 3.5 billion m3/yr for the period 2021 to 2035. The operation was endorsed by the French Energy Regulatory Commission (CRE).
As a result of this operation, the Montoir-de-Bretagne terminal is now fully booked between 2023 and 2035, and limited capaicty remains available in 2021 and 2022. This result reflects the dynamism of the LNG market, as well as the appetite for regasification capacity in France. Furthermore, it shows that gas has an important role to play in the energy transition in Europe in the coming years.
In order to better meet clients expectations, Elengy and its subsidiary Fosmax LNG, owner of the Fos Cavaou LNG terminal near Marseille, are now willing to study the different development options for offering capacities at Fos Cavaou LNG terminal beyond 2030 and at Montoir-de-Bretagne beyond 2035. These two sites offer direct and attractive access to European markets, with their strategic position on the Mediterranean and Atlantic coasts.
Read the article online at: https://www.tanksterminals.com/terminals/04122019/elengy-lng-terminal-capacity-booked/
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