LNG

GRTgaz, the French natural gas transmission company with three liquefied natural gas import terminals under its control, said LNG would help it through the winter season and was working on reversing flows to Germany following the cut-off of pipeline supplies from Russia to the European Union.

Leading oil and gas and LNG executives as well as heads of European Union utilities had interesting observations to make on the first day of the four-day Gastech Conference and Exhibition held in the northern Italian city of Milan.

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.

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.

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.

French pipeline company GRTgaz has inaugurated its Val de Saone project in eastern France that will fully amalgamate LNG and pipeline supplies and boost capacity on the North-South axis, creating a single natural gas market in France from November.