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France's Elengy confirms extension of reduced LNG sendout at Fos terminals

Highlights

Fos LNG sendouts down 86% vs Feb. 8

Strike action led by CGT continues

Elengy could flare excess gas

  • Author
  • Hassan Butt    Roudy Dirani    Elza Turner
  • Editor
  • Jonathan Loades-Carter
  • Commodity
  • Energy Transition LNG Natural Gas Upstream

French energy company Elengy confirmed an extension of reduced LNG sendouts at its Fos terminals to Feb. 15 amid staff strike action led by the General Confederation of Labour (CGT) union, an Elengy spokesperson told S&P Global Commodity Insights by email.

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The strike action follows the filing of a strike notice from the CGT two weeks ago, originally set to span Feb. 5-12, with the negotiations surrounding salary compensations, a company spokesperson said in an earlier correspondence.

"Due to the continuation of the strike movement, Elengy has extended its notice to reduce emissions from the Fos Cavaou and Fos Tonkin terminals until Feb. 15," an Elengy spokesperson told S&P Global Commodity Insights by email.

The spokesperson added the next CGT general assembly would be held on Feb. 15 in Fos "to decide on the continuation (or not) of the strike."

Workers at the French ports are expected to stop work for the entire working day on Feb. 16, 22 and 27, following a call from the French federation of port and dock workers, part of the CGT union.

Elengy, a subsidiary of France's transmission system operator GRTgaz, said on a local messenger platform that during the industrial action it may have to flare the excess gas that evaporates from the storage.

LNG nominations to France's Fos terminals were last seen at 4 million cu m/d on Feb. 13, some 86% below the 28.4 million cu m recorded on Feb. 8, data from S&P Global Commodity Insights showed.

Platts, part of S&P Global, assessed the French PEG day-ahead contract at Eur24.52/MWh on Feb. 13, down 0.5% on the day.