Dunkirk LNG Terminal

From Global Energy Monitor
This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.
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Dunkirk LNG Terminal (also called Dunkerque LNG Terminal, using the French name) is an LNG terminal in Hauts-de-France, France.

Location

The map below shows the terminal, in the commune of Loon-Plage, in Dunkirk Arondissement, Nord Department, Hauts-de-France Region.

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Project Details

  • Operator: Dunkerque LNG
  • Parent Company: Fluxys (30.39%), AXA Investment Managers (15.19%), Crédit Agricole Assurances (15.19%), Korean investors consortium led including IPM Group, Samsung Asset Management, and Hanwha Investment and Securities (39.24%)[1][2]
  • Location: Loon-Plage, Dunkirk Arondissement, Nord Department, Hauts-de-France Region, France
  • Coordinates: 51.03361, 2.19653 (exact)
  • Capacity: 9.6 mtpa[1]
  • Status: Operating
  • Type: Import
  • Start Year: 2016[1]
  • Financing: The EUR1 billion construction cost was entirely equity funded, EUR800 million refinancing was provided through a loan by BNP Paribas, Crédit Agricole, Commerzbank, ING, Intesa Sanpaolo, Sumitomo Mitsui Banking Corporation, UniCredit, Belfius Bank and KBC[3]
  • Associated Infrastructure: Dunkirk Zeebrugge Pipeline, Fluxys Zeebrugge LNG Terminal

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Dunkirk LNG Terminal is an liquefield natural gas (LNG) regasification terminal near Dunkirk in Hauts-de-France. Construction began in 2011, and the terminal was commissioned in January 2017. It is the largest LNG regasification terminal in Continental Europe.[4][5][6][7]

In May 2016, France and Belgium launched a €1.2 billion bidirectional gas transmission pipeline, the Dunkirk Zeebrugge Pipeline, connecting the Dunkirk and Fluxys Zeebrugge LNG Terminal, and allowing the LNG Dunkirk terminal to access the German, Dutch and UK gas market. The pipeline has an 8 bcm/y transport capacity.[8]

In October 2018 a consortium of Belgian gas group Fluxys, AXA Investment Managers and Credit Agricole Assurances acquired a stake of 31 percent from EDF, while a consortium of Korean investors led by IPM Group (InfraPartners Management) acquired a stake of 34.01 percent from EDF. The two consortia also bought Total's 9.9% share of the terminal.[9]

According to Food and Water Europe's profile on gas use in France, "Between January 2012 and March 2019 (and for Dunkerque since it started operating in January 2017), the four existing LNG terminals were only used at an average of about 30% of their capacity. At the end of 2016 while the Dunkirk terminal was just about to be commissioned, Engie, its main operator, announced it would cut 1,150 jobs in the French LNG sector. Despite these more than sufficient infrastructures, especially in a context of important gas demand reduction, France receives significant support (notably via the List of Projects of Common Interest) to further develop its gas network and transmission capacity."[10]

Articles and resources

References

  1. 1.0 1.1 1.2 The LNG Industry: Annual Report 2020, page 52, International Group of Liquefied Natural Gas Importers, accessed April 29, 2020
  2. Elliot Hayes, AXA, Credit Agricole, Koreans invest in Dunkirk LNG, IJGlobal, June 29, 2018
  3. Dunkirk LNG Regasification Terminal Refinancing, IJGlobal, accessed May 25, 2020
  4. Dunkerque LNG Terminal: Introduction, EDF website, accessed July 2017.
  5. Dunkirk LNG Terminal, Global Energy Observatory, accessed April 2017.
  6. Dunkirk LNG terminal starts commercial operations, LNG World News, 3 Jan. 2017.
  7. Commercial commissioning of the Dunkirk regasification terminal, Fluxys press release, 3 Jan. 2017.
  8. France, Food and Water Europe, accessed December 4, 2019
  9. Fluxys becomes core shareholder of Dunkirk LNG terminal, LNG Industry, Oct. 31, 2018
  10. France, Food and Water Europe, accessed December 4, 2019

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External resources

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