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Montoir-de-Bretagne LNG terminal fully booked from 2023 to 2035

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Elengy has announced that, in order to respond to market signals for regasification capacity, it has carried out a commercial operation for the Montoir-de-Bretagne LNG terminal, from July to November 2019.

According to the statement, the Open Subscription Period (OSP) consisted of offering the not yet subscribed regasification capacity, i.e. more than 3.5 billion m3/yr, for the period 2021 – 2035. The operation was reportedly endorsed by the French Energy Regulatory Commission (CRE).

As a result of this operation, Elengy claims that the Montoir-de-Bretagne terminal is now fully booked between 2023 and 2035, and only few capacities remain available in 2021 and 2022. This result reflects the dynamism of the LNG market, as well as the appetite for regasification capacity in France, the gateway to North-West Europe gas markets. 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 its clients’ expectations, Elengy and its subsidiary Fosmax LNG, the 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. According to the statement, these two sites offer direct and attractive access to European markets, with their strategic position on the Mediterranean and Atlantic coasts. Their wide offer also makes them competitive LNG hubs: cargoes unloading, ship reloading, ship-to-ship transshipment, cooling-down, gassing-up, LNG bunkering, truck loading, etc.

The Montoir-de-Bretagne LNG terminal was commissioned in 1980, and is part of Nantes-Saint-Nazaire Port. It offers market players an efficient facility with 360 000 m3 of storage capacity and two berths, capable of accommodating LNG tankers up to 267 000 m3 (Q-Max). Elengy claims that it has invested significantly in recent years to transform and modernise this infrastructure.

 

Read the article online at: https://www.lngindustry.com/regasification/04122019/montoir-de-bretagne-lng-terminal-fully-booked-from-2023-to-2035/

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