France’s Dunkirk LNG offers regas capacity

France’s Dunkirk LNG import terminal is offering up to 3.5 billion cubic meters per year of regasification capacity between 2023-2036.

Terminal operator Dunkerque LNG said in a statement the qualification phase of the call for market interest began on Tuesday and would last until February 25.

The minimum booking is for a period of 3 years.

Dunkerque LNG says European LNG imports have witnessed a “strong” increase in recent years and would continue to rise.

Thanks to its location and its technical characteristics, the Dunkerque LNG facility stands out as one of the “most attractive” terminals in Europe, it said.

“Its shippers are benefiting from several distinctive advantages including no gas-in-kind used in the regasification process, an ideal location in North-Western Europe with a direct access to two gas markets, as well as a broad operational and commercial flexibility,” Dunkerque LNG said.

Dunkerque LNG owners include two groups with the first consortium led by Belgium’s Fluxys holding a 61 percent stake.

Also, the second consortium composed of Korean companies and led by IPM Group owns a 39 percent share.

Commissioned in 2017, the LNG terminal has an annual regasification capacity of 13 billion cubic meters of natural gas.

Previous shareholders EDF and TotalEnergies are the main customers of the LNG terminal through 20-year contracts.

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