Friday, August 23, 2019

Elengy's Fos Tonkin LNG Capacity for Sale

February 21, 2019

Aerial photography of Fos Tonkin terminal. Photo: Elengy

French liquified natural gas (LNG) terminal operator Elengy, a unit of the energy giant Engie, is preparing the sale of access capacities to the Fos Tonkin LNG terminal for the period 2021-2030.

Within the sale process, Elengy will offer its potential customers several types of services, including the conventional unloading of Medmax-type LNG tankers (vessel with a capacity of 75,000m3 of LNG), the reloading of micro-tankers for LNG bunkering needs, as well as the LNG trucks loading.

Compared to currently-used shipping fuels, LNG is economically competitive and reduces carbon dioxide (CO2) emissions by a quarter, nitrogen oxide (NOx) emissions by 90% and sulphur (SOx) emissions and particulate matter by almost 100%.
 
The sale will be launched in February 2019.
 
Detailed information concerning the services offered will be provided in the information memorandum at the opening of the sale.
 
An expert in LNG for over 50 years, Elengy owns the Fos Tonkin LNG terminal and is a 72.5% shareholder in Fosmax LNG, owner of the Fos Cavaou LNG terminal.
 
A pioneer in LNG, Elengy is a subsidiary of GRTgaz within the ENGIE Group.A pioneer in liquefied natural gas (LNG), Elengy is a subsidiary of GRTgaz within the ENGIE Group.

Elengy operates and develops three LNG terminals in France: Montoir-de-Bretagne on the Atlantic coast, Fos Tonkin and Fos Cavaou on the Mediterranean coast.

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