French LNG operator Elengy has launched an open season to subscribe for LNG regasification capacity at its Fos Cavaou LNG terminal for the 2022-30 period, with the possibility to register for post-2030 capacity as well.
Participants will also be able to subscribe to additional capacity beyond 2030. A capacity of 1 bcm/year is already available at the Fos terminal until March 31, 2030. The capacity is currently allocated on a first come, first served basis.
“The open season Fos Cavaou 2021 is initiated in response to a high level of market interest expressed over the past few months and aims to make available additional primary capacity achieved through technical and regulatory debottlenecking,” Elengy said.
The open season Fos Cavaou will consist of two phases: a first non-binding call for interest, which is expected to last for three months, in order to precisely assess the market needs; followed by a binding open season, which is expected during the second semester 2021, in order to perform a market test based on binding commitments of the parties.
A first additional capacity of 1.5 bcm/year will be made available from 2024 owing to technical & regulatory debottlenecking of the facility and marginal investments.
This additional capacity would bring, at minimal additional costs, Fos Cavaou total receiving capacity to up to 10 bcm/year, throughout 2045 or more.
A second additional capacity of 2.0 bcm/year may be developed as of 2030, which would bring Fos Cavaou total receiving capacity to up to 12 bcm/year, throughout 2045 or more.
The Fos Cavaou terminal, founded in 2010, has an LNG storage capacity of 330,000 m3 and has a regasification capacity of 8.5 bcm/year since January 1.
Elengy, part of the ENGIE Group, operates three regulated LNG terminals in France: Montoir-de-Bretagne on the Atlantic coast, and Fos Cavaou and Fos Tonkin in the Mediterranean.
For more information visit www.elengy.com