Total’s French LNG Terminal Lies Idle Despite High Gas Demand
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France’s newest liquefied natural gas terminal missed out on high fuel prices this winter as prohibitive operational costs have forced it to lie idle.
Only about 2% of last year’s French LNG imports came through the floating storage and regasification unit in the port of Le Havre, which TotalEnergies SE commissioned in 2023, according to ship-tracking and port data compiled by Bloomberg. Even the French energy company — which booked half of the terminal’s capacity — hasn’t been using it recently, with the last LNG cargo arriving there last June.