French energy group EDF and Total have completed the sale of their entire interests (65% and 10%, respectively) in the 13 bcm/year Dunkerque LNG terminal in northern France.
Partners have sold 39.24% to a consortium of Korean investors led by IPM Group in cooperation with Samsung Asset Management, and 35.76% to a consortium of Belgian gas transmission system operator (TSO) Fluxys, AXA Investment Managers and Crédit Agricole Assurances. Since Fluxys already owned 25% in the terminal, the group raises its share in the terminal to 30.39%, while AXA Investment Managers and Crédit Agricole Assurances will each hold around 15.19%. Fluxys’ share in Gaz-Opale, the operator of the Dunkirk LNG terminal, remains unchanged at 49% and the remaining 51% are held by Dunkerque LNG.
The Dunkerque LNG terminal was initially developed by EDF (65%), Fluxys (25%) and Total (10%). It entered commercial operation in January 2017 and is one of Europe's largest regasification terminals, connecting both consumption markets of France and Belgium and able to meet 20% of France and Belgium’s gas demand.