When TotalEnergies said earlier this week that it plans to terminate its floating liquefied natural gas terminal in the port of Le Havre, France, it looked like a telling shift in position. The move reflects the steady improvement in Europe’s gas supply balance and could point to a wider move away from the temporary LNG infrastructure rushed into service during the 2022 supply crisis.
The terminal was deployed by French authorities as a safety net in 2022 as Europe faced a major gas supply crunch due to the sharp fall in Russian pipeline imports after the invasion of Ukraine.
It was intended to operate for five years from 2023 and provide about 10% of France’s annual natural gas demand via Engie’s pipeline network.
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