Dunkirk - LNG regas terminal

Utility EDF announced a final investment decision on a regasification terminal at the port of Dunkirk in June 2011. The terminal began commissioning in July 2016 and started commercial operations in January 2017. Proposed by EDF in 2009, Total took a 10% stake in the terminal joint venture Dunkerque LNG in 2010 while Belgium network operator Fluxys took a 25% stake in June 2011, with EDF retaining 65%. The terminal operator is currently Gaz-Opole – 51%-owned by Dunkerque LNG and 49% directly owned by Fluxys. However, Fluxys is expected to take over operation of the terminal in a deal that will see it become the majority shareholder of Dunkerque LNG. In June 2018, EDF and Total agreed to sell their stakes while retaining regas capacity of 5.7 mmtpa and 1.5 mmtpa, respectively. The stakes were sold to two consortia led by Fluxys and South Korea's IPM Group. The deal is expected to close before the end of 2018, once approved by French authorities.