French energy company, Elengy has implemented measures to comply with the EU's 14th sanctions package regarding the ban on transhipping Russian LNG at EU ports from March, 2025, a company spokesperson talking with S&P Global said late last week.
The EU's 14th sanctions package, adopted in June, prohibits the reloading of LNG from Russia for export to non-EU countries from March next year, among other targeted measures.
"As soon as we became aware, Elengy put in place the necessary measures to comply with the 14th sanctions package of European sanctions in collaboration with the French authorities," the spokesperson said in an emailed statement to S&P Global.
"The obligations created by the package of sanctions and the procedures for applying them in France have been set out in a joint memo from the (French) Treasury and Energy and Climate Secretariat to LNG market players," the spokesperson added.
Elengy operates three French LNG terminals - the Fos Cavaou and Fos Tonkin terminals, near Marseille, and the Montoir-de-Bretagne terminal on the River Loire.
The company has offered transhipment services at Montoir since 2013. The facility was used for Yamal LNG transfers from Arc7s to conventional LNGCs.
This development followed an update from Belgian LNG terminal operator Fluxys on 22nd November that said it was ready to implementthe EU sanctions at its Zeebrugge LNG terminal once the measures take effect next March.
The EU has imported around 13.9 mill tonnes of Russian LNG thus far in 2024, according to data from S&P Global Commodity Insights, with France being the largest importer, followed by Spain and Belgium.
French imports of Russian LNG thus far this year have reached 5.4 mill tonnes, compared with 3.5 mill tonnes for the whole of 2023, according to Commodity Insights data.
