Serving all shippers with plans to import LNG
Fosmax LNG is the company that owns the Fos Cavaou LNG terminal. Its name is derived from the location of the terminal (at Fos-sur-Mer), its ability to handle the world’s largest LNG carriers (Q-Max), and the nature of its business at the heart of the global market for liquefied natural gas (LNG).
An Elengy subsidiary
On 5 February, 2020, Elengy acquired Total’s shares in Fosmax LNG, the company that owns the liquefied natural gas (LNG) terminal at Fos Cavaou. Until then Fosmax LNG was owned 72.5% by Elengy and 27.5% by Total Gaz Electricité Holding France (TGEHF).
The acquisition of the shares is mainly financed by an increase in Elengy’s capital reserved for Société d’Infrastructures Gazières (SIG).
Elengy is the largest provider of terminalling services in Europe, and now owns 100% of its three LNG terminals: Fos Cavaou, Fos Tonkin and Montoir-de-Bretagne.
Guaranteed confidentiality, transparency and ethical practice
Fosmax LNG markets the regasification capacity of its Fos Cavaou terminal in accordance with the anti-discrimination and transparency rules set out in the French Energy Code and the deliberations of the French Energy Regulatory Commission (Commission de Régulation de l’Énergie or CRE).
Fosmax LNG applies its own Code of Conduct
The Fosmax LNG Code of Conduct provides every company employee with a set of common rules to be followed in all dealings with the companies to which the company sells its LNG terminal access services. These rules are designed to protect commercially sensitive information (CSI), ensure that there is no discrimination between customers, and safeguard information transparency and confidentiality.
3rd Gas Directive
The business and commercial practices of Fosmax LNG meet the requirements of European Directive 2009/73 /CE of 13 July 2009 on common rules for the internal market in natural gas.
Commonly known as the 3rd Directive, European Directive 2009/73 / EC lays down common rules for the transport, distribution, supply and storage of natural gas. It lays down the organization and functioning of the natural gas sector, market access, criteria and procedures applicable to the granting of authorizations for the transport, distribution, supply and storage Natural gas and the operation of networks.