Elengy
In September 2009, Elengy launched an invitation to subscribe for capacity at the Fos Tonkin terminal. The response obtained has confirmed an interest of the market in regasification capacity at the Fos Tonkin terminal significantly over 3 bcm/year for 20 years. This would, however, not justify the investment required by the continuation project of the Fos Tonkin LNG terminal beyond 2014.
At the request of its customers, Elengy has thus re-launched on April 4, 2011 a consultation of the market on capacity at the Fos Tonkin terminal (« 2011 Fos Tonkin Open Season ») and had published an Invitation Memorandum of the 2011 Fos Tonkin Open Season.
To this end, two different projects were proposed to shippers:
- The Horizon 2035 Project which includes the construction of a new LNG tank and operations of the terminal prolonged until 2035 with a capacity of 5.5 or 7 bcm/year.
- The Horizon 2020 Project which includes a targeted renovation of the terminal in order to prolong its operations until 2020 with a capacity of 3 bcm/year.
In accordance with the allocation rules of the 2011 Fos Tonkin Open Season, the binding phase has ended on November 18, 2011 with the allocation of capacity leading to an Adjusted Horizon 2035 Project.
Investment decision for the construction of a new LNG tank will be confirmed later on, considering the negotiation clause offered to the subscribers as part of the allocation rules of the Open Season.
Press contact
Mayra Lacombe / mayra.lacombe@elengy.com
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