The French government has selected TotalEnergies to install a floating storage and regasification unit (FSRU) with an import capacity of 5 bcm/year in the port of Le Havre, department of Seine-Maritime, on the northern coast of France. Construction work by TotalEnergies and GRTgaz should start by end-2022. The 300-meter-long vessel, named “Cape Ann”, one of TotalEnergies’ two FSRUs, is expected to be operational in September 2023.
In 2021, France imported 45.8 bcm of natural gas (-1% compared to 2020), including 16.8 bcm of LNG. The country currently possesses 4 LNG import terminals. Two are located on the Mediterranean in Fos-sur-Mer: Fos Tokin LNG (3 bcm/year, operated by Elengy, an affiliate of Engie) and Fos Cavaou (8.25 bcm/year, owned by Elengy with a share of 72.5% and TotalEnergies with 27.5%). One is situated on the Atlantic in Montoir-de-Bretagne (10.1 bcm/year, owned by Elengy) and one on the English Channel in Dunkirk (13 cm/year). Dunkerque LNG is 61% owned by a consortium of gas infrastructure group Fluxys, AXA Investment Managers – Real Assets, on behalf of its clients, and Crédit Agricole Assurances, and 39% owned by a consortium of Korean investors led by IPM Group in cooperation with Samsung Asset Management.