France builds more liquefied natural gas depots, reducing dependence on Russian gas

Reuters reported that the French newspaper Les Echos revealed that the French government along with many large energy companies are planning to set up a new terminal at Le Havre to receive gas liquefied natural gas, thereby reducing dependence on Russian gas.

Sharing with the press, the chairman of the French Energy Regulatory Commission Jean-Francois Carenco said that this project will be very useful if France wants to reduce its dependence on gas from Russia and increase supply security. Mr. Carenco added that the goal of the project is to add capacity to receive liquefied natural gas within a year.

If built, the terminal at Le Havre could receive liquefied natural gas from the US, Qatar or Africa. However, according to Mr. Carencot, it is necessary to expedite the application of the necessary permits to build this terminal.

The floating terminal can import 50 Terawatt hours (TWh) of gas per year, equivalent to 3.9 million tons of liquefied natural gas.

If built, this floating terminal could import 50 TWh of gas per year. (Photo: Container News)

Earlier, the leaders of 27 European member states discussed a number of proposals by the European Commission to reduce gas supply from Russia. Leaders of 27 member countries continued to discuss solutions to curb rising energy prices and reduce dependence on gas supplies from Russia.

Among them, there are solutions such as the initiative of member states to jointly buy gas from suppliers in a model similar to how the European Union buys a vaccine against COVID-19, with a negotiating group led by the European Commission. meet demand and find gas supplies before next winter.

The second is the policy of imposing a ceiling price on buying and selling electricity to consumers below the market price controlled by the government, as proposed by Spain and Belgium; solution to limit electricity prices with the use of generators to solve the difference between the ceiling price and the market price.

European leaders also discussed a plan to require EU countries to fill up their gas reserves by at least 90% by November 1 every year from 2023 and 80% this year.

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