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EDF, partners plan $1.4B investment in Dunkirk LNG terminal in France
29.06.2011 + + + French electricity firm EDF has reached a final investment decision of US $1.4 billion (1 billion Euro) on the Dunkirk LNG terminal with partners Total (NYSE:TOT) and Fluxys G.
Scheduled to become operational by the close of 2015, the Dunkirk LNG terminal will have a regasification capacity of 13Gm3, as well as increase the LNG import capacity of France by 20 percent.
EDF will operate the Dunkirk LNG facility with 65 percent of the project. Fluxys G holds 25 percent interest, and Total holds 10 percent working interest. Additionally, Total will reserve up to 2Gm3 a year of storage and regasification capacity, while EDF will hold 8Gm3 a year of capacity.
Construction on the Dunkirk LNG terminal in regasification facility is scheduled to commence at the start of 2012. A Bouygues-Entrepose Contracting consortium will build the three LNG reservoirs. A consortium between Techint-Sener will handle the unloading installations, as well as the industrial processes involved with the regasification of the LNG. A consortium between Bessac-Razel-Soletanche will construct the tunnel between the Gravelines nuclear power station and the LNG terminal.
The Dunkirk LNG facility will allow EDF to import LNG for natural gas demand and to fuel its combined cycle gas plants (CCG). EDF is currently working to bring three new CCG power plants online by 2012 that will add 1360MW of power capacity to France, as well as another CCG plant with a 1300MW capacity in the UK.
By Phaedra Friend Troy
Published in PennEnergy / Oil & Gas Journal
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