An affiliate of Qatar Petroleum and the French LNG terminal operator Elengy, a subsidiary of ENGIE Group, entered into a long-term agreement for LNG receiving, storage and regasification services at the Montoir-de-Bretagne LNG Terminal in France. Under the agreement, Qatar Terminal Limited (QTL) - a subsidiary of Qatar Petroleum - will subscribe to the equivalent of almost 3 million tons per annum of the terminal’s throughput capacity for a term up to 2035.
Elengy has just acquired Total’s shares in Fosmax LNG, the company that owns the liquefied natural gas (LNG) terminal at Fos Cavaou. Elengy now owns 100% of its three LNG terminals: Fos Cavaou, Fos Tonkin and Montoir-de-Bretagne. Until now Fosmax LNG was owned 72.5% by Elengy and 27.5% by Total Gaz Electricité Holding France (TGEHF).
Following Elengy's call for subscriptions in February 2019 for capacities at the Fos Tonkin terminal post 2020 (Open Season Fos 2021), the company is proud to announce the terminal will continue operating the site until 2028. The proposed regasification capacity has been entirely booked, i.e. 1.5 billion m3 per year. This commitment has enabled Elengy to take the investment decision needed to extend the site's activity beyond 2020.
In order to response to market signals for regasification capacity, Elengy conducted a commercial operation for Montoir-de-Bretagne LNG terminal, from July to November 2019. The Open Subscription Period (OSP) consisted of offering the not yet subscribed regasification capacity, i.e. more than 3.5 billion cubic meters (bcm) per year, for the period 2021 to 2035. The operation was endorsed by the French Energy Regulatory Commission (CRE).
Elengy and Rubis Terminal have signed a memorandum of understanding (MOU) to launch preliminary studies for the development of an LNG storage facility at the Reichstett (Bas-Rhin) storage terminal. The project is targeting the retail LNG needs of west-central Europe for the industrial and transport sectors.