Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
LNG | Natural Gas

France's Elengy, Rubis to build Central European LNG storage facility

Emissions | Renewables | LNG | Natural Gas | Oil | Crude Oil | Refined Products | Metals | Steel | Raw Materials

Market Movers Europe, Dec 9-13: Leaders meet in Paris to try to break Ukraine gas transit impasse

LNG | Natural Gas | NGL

Platts LNG Alert

Capital Markets | Commodities | Electricity | Energy | LNG | Natural Gas | Shipping | Leveraged Finance & High Yield | Materials | Building & Construction | Financial Services | Banking | Infrastructure | Structured Finance

Infrastructure Summit

Natural Gas | Natural Gas (European)

Interview: Russian gas via Ukraine 'most unlikely' to be turned off January 1: strategist

France's Elengy, Rubis to build Central European LNG storage facility

Highlights

Storage facility to handle 85,000 mt/year of LNG

Strategic location to supply LNG to Central Europe

LNG truck loading demand continues to rise

London — Elengy and Rubis Terminal have signed a memorandum of understanding to launch preliminary studies for the development of an LNG storage facility at the Reichstett (Bas-Rhin) terminal to supply Central European countries, Elengy said Friday.

The project stems from greater demand to supply LNG to the more gas-isolated central-western European regions and is targeting the retail LNG needs in the industrial and transport sectors.

"This cooperation contributes to accelerating the energy transition of the transport sector by bringing the LNG supply closer to the clients," Elengy said.

The planned storage facility will be able to handle an annual volume of 85,000 mt of LNG. The site is in a strategic location to supply LNG to the more isolated regions including eastern France, Austria, southern Germany and Switzerland.

The satellite storage facility will be supplied from one of Elengy's LNG terminals, Fos Tonkin in the south of France or Montoir-de-Bretagne in the west. The gas will be supplied by rail, and customers will then have their LNG delivered by trucks charged directly on the site.

"The facility will foster the connectivity between retail LNG infrastructures in Europe and contributing significantly to secure LNG supply for the industrial and transport sectors," Elengy said. "Commissioning is scheduled for 2022."

"The cooperation with Rubis Terminal is in line with Elengy's strategy to boost the development of the LNG as alternative fuel by bringing the supply closer to the clients," Elengy CEO Sandra Roche-Vu Quang said.

"The development of LNG projects is part of Rubis Terminal's approach to adapt its services and infrastructure to the changing energy demand", Rubis Terminal CEO Bruno Hayem said.

TRUCK LOADING

Greater demand for alternative energy sources has boosted demand to transport LNG by truck, offering supply to industrial sites not connected to the natural gas grid.

Elengy has loaded 20,000 LNG trucks at its three terminals since launching its truck loading service in 2013, a figure set to rise quickly with the recent opening of the new loading slots at the Fos Cavaou terminal.

The development of LNG transportation via truck will allow more natural gas to be supplied to remote customers not connected to the transmission grid, while providing a significant reduction in CO2 emissions, Elengy said.

France's truck loading market started in Montoir-de-Bretagne in July 2013 and Fos Tonkin in June 2014 and has since experienced a rapid rise in loading capacity.

Elengy is subsidiary of GRTgaz within the Engie Group and operates three LNG terminals in France, Montoir-de-Bretagne on the Atlantic coast, as well as Fos Tonkin and Fos Cavaou on the Mediterranean.

Rubis Terminal is a subsidiary of independent French energy group Rubis. It controls and operates 15 storage terminals in France, northern Europe and Turkey.

-- Antoine Simon, antoine.simon@spglobal.com

-- Edited by James Burgess, james.burgess@spglobal.com