TotalEnergies Commissions FSRU in France
10.27.2023 By Tank Terminals - NEWS

October 27, 2023 [JPT]- TotalEnergies successfully commissioned the Cape Ann, its floating storage and regasification unit (FSRU) for LNG located in the port of Le Havre, France. The terminal injected its first megawatt-hours of gas into the grid operated by GRTgaz, using LNG from Norway.

 

TotalEnergies has contracted 50% of the terminal’s annual capacity of around 5 billion m3 to supply it with LNG from its global portfolio. The remaining capacity will be marketed according to rules approved by the regulator.

The Cape Ann has a maximum regasification capacity of 5 billion mper year, or around 10% of French consumption. The vessel is 283×43.4 m with a storage capacity of 142500 m3. The FSRU is owned by Höegh LNG and was launched in June 2010.

Cape Ann left the Tianjin LNG terminal on 30 March. Previously known as GDF Suez Cape Ann, it started serving the Tianjin facility in 2013 as the first FSRU in China under a subcharter deal with CNOOC.

TotalEnergies charters this vessel from Hoegh LNG, which has a 50% stake in Cape Ann, Japan’s MOL, which owns 48.5%, and Tokyo LNG Tanker.

Cape Ann is France’s fifth FSRU. The country hosts Elengy’s three LNG terminals and the Dunkirk LNG facility. Elengy is a subsidiary of GRTgaz within the French Group, Engie.

TotalEnergies is the world’s third-largest LNG player with a market share of around 12% and a global portfolio of about 50 mtpa. It holds positions across the LNG value chain, including production, transportation, access to more than 20 mtpa of regasification capacity in Europe, trading, and LNG bunkering.

TotalEnergies aims to increase the share of natural gas in its sales mix to close to 50% by 2030 to reduce carbon emissions and eliminate methane emissions associated with the gas value chain, and to work with local partners to promote the transition from coal to natural gas.

 

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