Infotech France wants gas stocks almost 100% filled by early fall

France wants gas stocks almost 100% filled by early fall

France wants to fill its gas storage nearly 100% by early autumn and will have a new floating LNG terminal next year to ensure its supply despite the drop in Russian deliveries, a announced this Thursday, June 23, Prime Minister Elisabeth Borne.

“The Russian gas embargo in Europe is inevitable”

“We ensure the maximum filling of our storage capacities; we are aiming to be close to 100% at the beginning of the fall”she said during a visit to a national gas control center in Ile-de-France.

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Operators are currently required to fill them to only 85% by November 1. Gas storage is currently 59% full, compared to 46% on the same date last year. Concretely, the government will ask the storage operators to buy gas themselves to fill the reserves, in addition to the purchases made by the gas suppliers.

A terminal for winter 2023

These storage companies will benefit from a ” financial guarantee “ public, we explained to Matignon. “We are going to launch a new LNG terminal to increase our capacity to supply ourselves with gas that is not dependent on Russia”has also announced Elisabeth Borne.

Energy: the other war for Europe

This new floating LNG terminal (known as FSRU) in Le Havre, carried by TotalEnergies, must be connected in 2023. The government is aiming to start work from the beginning of this autumn so that the barge is connected next year and is thus available next winter.

This project, which had already been discussed for several months, should allow France to import even more liquefied natural gas (LNG). It currently has four LNG import terminals, at Fos-sur-mer (two terminals), Montoir-de-Bretagne and Dunkirk.

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“Alert level” in Germany

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The capacities of these LNG terminals are already fully reserved “over the very long term”, emphasizes Matignon. The country thus thinks that it can count on these supplies which arrive from all over the world by boat as an alternative to the Russian gas transported by gas pipeline. These subjects judged “urgent” will be integrated into the next law devoted to purchasing power, which must be presented on July 6 in the Council of Ministers, it was specified in the entourage of Elisabeth Borne.

“From 2030, French green gas could completely replace that imported from Russia”

Germany – much more dependent on Russia – activated this Thursday the “alert level” of the plan to guarantee its gas supply which brings the country closer to rationing measures, in the wake of the 60% drop in deliveries from Moscow via the Nord Stream gas pipeline.

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