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French March LNG Flows Fell 1.1mn tons MoM On Strike Action

LNG

French LNG flows declined by 1.1mn tons on the month in March, mainly due to ongoing strike action disrupting LNG terminal operations according to vessel-tracking data.

  • LNG disruption have also weighed on French gas storage inventories that stood at 28.52% as of 12 March, 4.6 percentage points lower than 2019 levels, marking France the only EU country lagging pre-Covid stock levels.
  • Most of France’s LNG terminals returned operational last week, while Elengy’s Fos Cavaou terminal remains offline, amid strike action, and is scheduled to return on 19 April.
  • Fluxy’s Dunkerque LNG terminal has returned to full delivery capacity after a force majeure notice curtailed capacity to 70 GWh/d until Friday morning.

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