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Tribune News Network
Doha
Qatar Petroleum on Thursday said its subsidiary, the Qatar Terminal Ltd (QTL), has entered into a long-term agreement with Elengy — a subsidiary of ENGIE Group — for LNG receiving, storage and regasification services at the Montoir-de-Bretagne LNG terminal in France.
Under the agreement, QTL will subscribe to the equivalent of almost 3 million tonnes per annum of the terminal’s throughput capacity for a term up to 2035.
This will make Montoir-de-Bretagne 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 pursuant to the rules of the French Energy Regulatory Commission (CRE).
The agreement was signed in Paris on Thursday by Qatar’s Minister of State for Energy Affairs and Qatar Petroleum’s President and CEO HE Saad Sherida al Kaabi and Elengy CEO Sandra Roche-Vu Quang.
France’s Minister of State attached to the Minister for Europe and Foreign Affairs Jean-Baptiste Lemoyne was present at the event.
“By signing this agreement, we are providing France, and Europe as a whole, reliable energy supplies, as well as increased utilisation of gas as a cleaner and more environmentally-friendly source of energy,” Kaabi said.
“We are also taking another step into the future by establishing a long-term partnership with Elengy well into the next decade. And, we look forward to further strengthen this relationship in the future.”
In his remarks, Kaabi highlighted the strong Qatari-French partnerships in general and especially in the energy sector, as well as Qatar Petroleum’s commitment to Europe’s energy security.
“Qatar Petroleum has long invested in and anchored LNG receiving terminal capacity in Europe. We have also played a key role in supporting the development of vital energy network infrastructure in Europe. As the largest LNG producer, we are committed to supporting the advancement of EU energy policy and to strengthening the security, reliabilityand flexibility of gas supplies into Europe.”
Elengy’s CEO Sandra Roche-Vu Quang said, “Today is a key milestone for Elengy. As pioneers in the LNG industry, we are extremely proud of this agreement with our Qatari partners, a major step which hopefully will result in an even closer cooperation in the coming years. 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 has more than 50 years of LNG experience and operates two other terminals in France — Fos Tonkin and Fos Cavaou on the Mediterranean coast.
Doha
Qatar Petroleum on Thursday said its subsidiary, the Qatar Terminal Ltd (QTL), has entered into a long-term agreement with Elengy — a subsidiary of ENGIE Group — for LNG receiving, storage and regasification services at the Montoir-de-Bretagne LNG terminal in France.
Under the agreement, QTL will subscribe to the equivalent of almost 3 million tonnes per annum of the terminal’s throughput capacity for a term up to 2035.
This will make Montoir-de-Bretagne 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 pursuant to the rules of the French Energy Regulatory Commission (CRE).
The agreement was signed in Paris on Thursday by Qatar’s Minister of State for Energy Affairs and Qatar Petroleum’s President and CEO HE Saad Sherida al Kaabi and Elengy CEO Sandra Roche-Vu Quang.
France’s Minister of State attached to the Minister for Europe and Foreign Affairs Jean-Baptiste Lemoyne was present at the event.
“By signing this agreement, we are providing France, and Europe as a whole, reliable energy supplies, as well as increased utilisation of gas as a cleaner and more environmentally-friendly source of energy,” Kaabi said.
“We are also taking another step into the future by establishing a long-term partnership with Elengy well into the next decade. And, we look forward to further strengthen this relationship in the future.”
In his remarks, Kaabi highlighted the strong Qatari-French partnerships in general and especially in the energy sector, as well as Qatar Petroleum’s commitment to Europe’s energy security.
“Qatar Petroleum has long invested in and anchored LNG receiving terminal capacity in Europe. We have also played a key role in supporting the development of vital energy network infrastructure in Europe. As the largest LNG producer, we are committed to supporting the advancement of EU energy policy and to strengthening the security, reliabilityand flexibility of gas supplies into Europe.”
Elengy’s CEO Sandra Roche-Vu Quang said, “Today is a key milestone for Elengy. As pioneers in the LNG industry, we are extremely proud of this agreement with our Qatari partners, a major step which hopefully will result in an even closer cooperation in the coming years. 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 has more than 50 years of LNG experience and operates two other terminals in France — Fos Tonkin and Fos Cavaou on the Mediterranean coast.
