Dunkirk - LNG regas terminal

The Dunkirk LNG terminal is France’s fourth LNG terminal and, with 9.5 mmtpa of regas capacity, it is also its largest. The terminal was under utilised for a number of years but has seen its imports increase rapidly since late 2018 as global supply outstripped demand growth. EDF and Total are the only two current capacity holders at the terminal, and between them, hold over three quarters of the total regas capacity. Both companies have access to large volumes of LNG they can import into Dunkirk. Dunkirk’s position in Northwest Europe means it is well placed to serve France, Belgium and other neighbouring markets. Its access to large and liquid gas markets makes it an attractive destination for spot LNG during periods of oversupply. Dunkirk carried out an open season for its remaining available regas capacity in 2020, although the results are yet to be released. Based on its position and the shrinking capacity available in the region, it is likely that there has been great interest