French utility GRTgaz outlines changing West-East role of pipeline gas in EU underpinned by rising LNG imports
With five liquefied natural gas import terminals in operation, France has now assumed the role of a leading regasified LNG supplier to the European Union, especially Germany and other neighbours, as gas from Russia’s Gazprom has been easily replaced with increasing gas flows from West to East in the EU.
Höegh LNG returns to profits after deploying floating terminals to France, Germany and Australia
Höegh LNG Ltd, the owner and operator of 13 LNG vessels including floating storage and regasification (FSRU) units, returned to a third-quarter profit after suffering losses in the same three months of 2022 as the Norwegian operator deployed floating import terminals to France, Germany and Australia.
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 port of Le Havre again becomes LNG import point to help maintain European energy security
The French port of Le Havre has again become a liquefied natural gas importation point for the first time since the 1980s as commissioning activities were starting for the floating storage and regasification unit (FSRU) “Cape Ann” after its safe arrival in the face of protests.
Höegh LNG posts profits increase as floating import projects advance in Europe, Brazil and Australia
Höegh LNG Ltd, the owner and operator of 13 LNG vessels including floating storage and regasification (FSRU) units, said it was focusing ensuring that FSRU projects commence operations as planned for customers in Germany, France and Brazil over the coming months as it posted increased profits.
French utility GRTgaz is confident of traversing winter with cargoes of LNG and to help Germany with reverse flow
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.
Belgian gas grid and LNG operator Fluxys posts profit rise in line with more ship traffic and truck loadings
Fluxys, the Belgian gas grid and LNG terminal owner, reported annual increased consolidated turnover of €573.2 million ($638.3M) and more shipping traffic and truck-loadings as expansion plans progressed.
French Port of Le Havre may once again handle LNG imports amid report of studies for FSRU being deployed
France is considering plans to deploy a floating storage and regasification unit for liquefied natural gas imports at the Port of Le Havre on the northwest coast of Normandy, where there had previously been an onshore facility that handled deliveries of LNG from Algeria for Gaz de France.
