French LNG terminals firm Elengy launches subscription process for Fos Cavaou facility near Marseilles

Wednesday, 24 March 2021
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Elengy, the French LNG terminal operator and its subsidiary Fosmax LNG, are launching an open season for capacity subscriptions at the Fos Cavaou facility, located in the Mediterranean west of the Port of Marseilles.

Three of France’s LNG terminals, Fos Tonkin, Fos Cavaou in the Mediterranean and Montoir-de-Bretagne on the Atlantic Coast, are operated by Elengy within the Engie Group and as subsidiaries of GRTgaz, France’s gas network operator.

Fosmax LNG is calling for capacity subscriptions at the Fos Cavaou terminal during 2021.

The Fos Cavaou facility has been operating since 2010 and has three storage tanks with combined capacity of 330,000 cubic metres.

France has a total of four terminals and the most modern facility opened in 2016 at Dunkirk on the Channel Coast and has capacity of 570,000 cubic metres in three tanks.

Elengy explained that Fos Cavaou’s operations are currently guaranteed through to March 2030 by ongoing subscriptions and contracts totaling 87 terawatt hours per year of capacity.

“Fos Cavaou, at the crossroads of maritime routes and major gas infrastructures, offers a privileged access to all European gas markets and the small-scale potential in a key Mediterranean location,” said Elengy.

“The ‘Open Season Fos Cavaou 2021’ is initiated in response to a high level of market interest expressed over the past few months, and aims to make available additional primary capacity achieved through technical and regulatory de-bottlenecking, as well as capacity extensions beyond 2030,” explained Elengy

The windows of interest offered include 1.0 billion cubic metres per annum from January 2022, 2.5 Bcm per annum from January 2024 and 4.5 Bcm per annum from April 2030 until 2045 or longer.

The open season will have two phases. Firstly, there will be a non-binding call for interest, which is expected to last for three months to precisely assess market needs.

Secondly, there will be a binding Open Season, which is expected during the second half of 2021 to perform a market test based on binding commitments of the parties.

“Registration for ‘Open Season Fos Cavaou 2021’ is now open, and shippers wishing to register are invited to complete and sign the Confidentiality Agreement, provided on the Fosmax LNG website, and send a digital copy by email return,” explained Elengy.

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