Qatar Petroleum and the French LNG terminal operator Elengy signed a long-term agreement for LNG receiving, storage and regasification services at the Montoir-de-Bretagne LNG terminal in France.
Under the agreement, Qatar Terminal Limited (QTL), a unit of Qatar Petroleum, will subscribe to the equivalent of almost 3 million tons per annum of the terminal’s throughput capacity for a term up to 2035, QP said in its statement on Thursday.
Montoir-de-Bretagne LNG will thereby become a new LNG import terminal position for Qatar Petroleum in Europe, facilitating the supply of Qatari and internationally sourced LNG to French and European customers.
The agreement is a result of a formal “Open Subscription Period” process that was conducted and concluded during the second half of 2019.
Commenting on the agreement, Elengy’s CEO Sandra Roche-Vu Quang said, “this contract secures long-term activity at the Montoir-de-Bretagne terminal. Our LNG hub for North West Europe offers customers optimum flexibility and an evolving range of services, from historical LNG regasification to small scale LNG, to meet the energy transition needs.”
Located on France’s Atlantic coast, the Montoir-de-Bretagne LNG Terminal was commissioned in 1980 and is fully regulated by the CRE. The terminal currently has 360,000 cubic meters of LNG storage capacity spread across 3 tanks and an annual throughput capacity of 10 billion cubic meters of natural gas.
The terminal is operated by Elengy, which also operates two other terminals in France, the Fos Tonkin and Fos Cavaou on the Mediterranean coast.