LNG

France’s Commission de Régulation de l'Energie (CRE) has given the go-ahead for a further increase in the cost of imported natural gas, leading to an immediate jump in regulated domestic sales tariffs as costs rise for utilities all over Europe.

GRTgaz, the French natural gas network operator and whose subsidiary manages three LNG import terminals, said no supply problems were foreseen this winter season and added that send-outs of LNG into the system had doubled over the past year.

Engie, the French power and energy company with LNG and gas network businesses and an international portfolio, posted a 20 percent drop in cash flow from operations, a good measure of profitability, to 4 billion euros ($4.4Bln) in the nine months to September from 5Bln euros ($5.5Bln) in the same period of 2018.

French utility Engie, the parent company of France's network operator and LNG terminals owner, said its US$8.6 billion joint bid with a Canadian fund won the competitive tender conducted by Brazilian energy company Petrobras for the sale of the South American nation’s largest gas transmission network.

April 2 (LNGJ) - Elengy, France’s main LNG terminal operator, has issued new tariffs for the use of its two regulated terminals from the start of April 2019. Elengy revealed that there had been further decreases of 4 percent for the Montoir-de-Bretagne facility on the Atlantic Coast and a 5 percent reduction in tariffs at the Fos Tonkin facility near the Mediterranean port of Marseille.

   “Tariff applicable from 1 April 2019 for a standard cargo, about 150 000 cubic metres or 1 terawatt hour (TWh) is 0.79 euro per megawatt hour at Montoir and 1.22 euro per MWh at Fos Tonkin,” said Elengy, with further details available on its Web site. “In addition, there is a 25 percent discount (approx.) on the spot service (last minute booking, i.e. made after the 20th of month) of 0.59 euro per MWh at Montoir for a full Q-Flex type cargo,” added Elengy.

GRTgaz, the French natural gas pipeline network operator whose subsidiary Elengy operates three LNG import terminals, has outlined its 10-year development plan, including expansion and upgrades at the Montoir-de-Bretagne facility on the West Coast and at the two terminals near Marseille, where capacity will be more than doubled.

Elengy, the main French LNG terminal operator, said it was preparing the launch in February of a sale of 10-year access capacities for the Fos Tonkin import facility near the Mediterranean port of Marseille.

French natural gas network operators, GRTgaz and Terega, are confident they have lined up sufficient underground storage and supplies of LNG to ensure the smooth operation of the nation’s gas system throughout the winter.

The French Mediterranean port of Marseille-Fos, the nation’s largest trading port, is developing plans for the construction of liquefied natural gas bunkering infrastructure to boost the regional use of LNG as a maritime fuel and reduce the impact of emissions.

Elengy of France, owner of three of the nation’s liquefied natural gas import terminals, said it planned to build a truck-loading station at the Fos Cavaou facility near the Mediterranean port of Marseilles to boost distribution in the region.