France’s Elengy offers Fos Cavaou regas capacity

Elengy’s Fosmax LNG is offering additional unloading capacities at its Fos Cavaou LNG import terminal near France’s southern city of Marseille.

Thanks to an optimization of capacities, Fosmax LNG is marketing additional unloading capacities with three arrival windows in July and August, according to a statement by Elengy.

The first window is on July 23 for 1,100 GWh, the second on July 31 for 1,000 GWh, and the third on August 21 for 1,100 GWh.

Moreover, this capacity will be proposed according to an ascending auction mechanism that will take place on the Prisma platform on June 1, June 6, and June 27, the statement said.

Each of the separate auctions consists of a phase of one or more rounds of successive bids
followed, if necessary, by a phase of a round in pay-as-bid.

During the first round, the sale price of the capacity is its regulated price: 1,536,600 euros for the first and the third window, and 1,406,000 Euros for the second window.

Interested shippers wishing to participate must first register with Fosmax LNG no later than 10 am (Paris time) on the day preceding the auction, the statement said.

In November last year, a unit of French energy firm Engie booked long-term regasification capacity at the Fos Cavaou terminal.

Engie Global Energy Management & Sales won 30 TWh per year of regasification capacity for 16 years.

Elengy, the unit of Engie’s GRTgaz, operates the Fos Tonkin and Fos Cavaou LNG terminals on the Mediterranean coast, and the Montoir-de-Bretagne facility on the Atlantic coast.

These terminals have a combined capacity of some 21.5 bcm per year.

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