Le Havre LNG boost
Oct 26 (LNGJ) – TotalEnergies said the commissioning was completed on the 145,130 cubic metres capacity vessel “Cape Ann”. The LNG floating storage and regasification unit is deployed as an import facility in the Channel port of Le Havre as the nation's fifth terminal. “The terminal injected its first megawatt-hours of gas into the grid operated by utility GRTgaz using LNG from Norway,” said TotalEnergies. The French major later reported earnings and a 35 percent fall in third-quarter adjusted net income to $6.45 billion from $9.86Bln in the same three months a year ago.
In the integrated LNG division, the company reiterated offtake contracts in the quarter in Qatar for 3.5 million tonnes per annum for 27 years, the launch of the Rio Grande LNG project in Texas and its securing of a stake in NextDecade and the Texas project with 5.4 MTPA of offtake for 20 years. The average third-quarter LNG price for TotalEnergies was $9.56 per million British thermal units versus $21.51 per MMBtu in the same quarter of 2022.
French utility and LNG player Engie posts 60 percent earnings surge amid arbitration case against Gazprom
French utility and LNG market participant Engie reported a more than 60 percent surge in revenues, though real net income plunged and the company said it was going ahead with an arbitration procedure against Russia’s Gazprom.
LNG experts VINCI of France and Spain’s Sener win contract to complete first German onshore terminal in 2026
VINCI, the French engineering and construction company, said one of its subsidiaries signed a contract to design and build Germany's first onshore liquefied natural gas import terminal at Brunsbüttel on the Elbe River south of Hamburg.
The company, based in the Paris suburbs, said the engineering, procurement and construction contract included building the facilities with two storage tanks.
VINCI said the work involved a strategic project for Germany's energy independence and would be carried out by its subsidiary Cobra IS in a consortium with the Spanish LNG terminal specialist Sener Energy Engineering.
“It will have a production capacity of 10 billion cubic metres of natural gas per year and will have two 165,000 cubic metres storage tanks,” explained VINCI.
“The terminal will be equipped with auxiliary operating systems, infrastructure and other buildings,” it added.
VINCI said the customer was German LNG Terminal GmbH and the terminal when completed would enable Germany to import LNG to be unloaded and injected into the grid system or transported by lorries for off-grid usage or for transportation fuel.
Target date
“The installation is to be delivered in 2026, with the works lasting 42 months,” said VINCI.
The statement added that Cobra IS and Sener had much experience in projects of this kind.
Their combined previous LNG contracts in Europe alone have included terminals at Sagunto in Eastern Spain and Bahía de Bizkaia in the Spanish northwest, as well as the Gate terminal in Rotterdam in the Netherlands, Dunkirk LNG in France and the Zeebrugge facility in Belgium.
The German LNG Terminal company was accorded full planning permission in May 2022 by the Federal Minister for Economic Affairs and Climate Action Robert Habeck.
Analysts said that due to its location and the industrial connections, the Brunsbüttel site has good prerequisites for developing into an import hub for the northern German economy in the state of Schleswig-Holstein.
The Brunsbüttel terminal has additionally signed a preliminary accord with Shell to acquire cargo volumes.
The German Government, though the state investment body Kreditanstalt für Wiederaufbau (KfW), replaced Dutch storage company Royal Vopak in the shareholder line-up, though the dominant company is still the Dutch utility Gasunie.
The German utility RWE, based in Essen, has also signed an accord to join the Brunsbüttel project.
The development company has said it believed that LNG would become even “greener” in the future and would be a great transition fuel for Germany.
French gas grid operator GRTgaz says winter outlook good but LNG crucial back-up in very cold spells
GRTgaz, the French natural gas grid operator and parent company of the LNG terminals operator, said the nation was well prepared with full storage to meet gas demands during the coming winter, provided minimum LNG supplies are maintained in the event of an exceptional cold spell.
French gas operator GRTgaz says Qatar keeps LNG lead over Russia and reveals LNG rail plan
GRTgaz, the French natural gas network operator and owner of LNG import terminals, said there had been a “massive” return of the fuel to Europe and France in the past year as it revealed plans to move LNG by rail to increase availability in Eastern France.
French utility Engie signs Algerian LNG and pipeline deals as new Sonatrach CEO takes over
Sonatrach, the Algerian national energy company now under a new chief executive, said it signed medium-term and long-term LNG and pipeline natural gas contracts with French utility Engie, the last of its European customers to renew delivery agreements.
French gas network operators are confident they have sufficient winter storage and LNG
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.
