Elengy

What Elengy does

Elengy is a French LNG terminal operator and a wholly-owned subsidiary of ENGIE Group (through GRTgaz, with Société d'Infrastructures Gazières holding approximately 18% of capital), founded as the world's LNG pioneer with operations dating to 1965. The company operates three regulated LNG terminals in France: Fos Cavaou (10 Gm³/year, 330,000 m³ storage, commissioned 2010), Montoir-de-Bretagne (10 Gm³/year, 360,000 m³ storage, commissioned 1980), and Fos Tonkin (1.5 Gm³/year, 80,000 m³ storage, commissioned 1972). Terminal infrastructure supports Q-Max class vessels up to 267,000 m³, regasification via seawater cascade (ORV) and river water systems, ship-to-ship transshipment, and over 100 daily tanker truck loading slots. In 2024 the terminals handled 185 TWh unloaded, 180 TWh injected, and 242 ship calls.

Elengy's revenue is generated primarily through regulated capacity access fees under the CRE ATM6 tariff framework, allocated via formal Open Season subscription processes, supplemented by usage-based fees for LNG truck loading, transaction fees for ship reloading and ship-to-ship transshipment, and emerging managed services in BioGNL. The customer base spans energy suppliers and traders (LNG shippers booking regasification capacity for French and European gas markets), major LNG producers (e.g., Qatar Petroleum's ~3 MTA long-term contract through 2035 at Montoir), maritime operators (CMA CGM, Gaslog for bunkering and bio-LNG), and road transport and industrial customers using LNG for heavy mobility or off-grid energy.

Elengy is repositioning its terminals as multi-commodity decarbonization hubs, developing CO2 capture and transport infrastructure (GOCO2 in western France with GRTgaz and TotalEnergies, Rhône CO2 in the Rhône Valley with Vicat and SPSE), low-carbon ammonia handling (Medhyterra at Fos Tonkin, partnered with Grand Port Maritime de Marseille), and ISCC-certified BioGNL equivalence services launched in 2025. Distribution expansion includes a satellite storage partnership with Rubis Terminal at Reichstett (Alsace), rail-based LNG transport via Delta Rail, and multimodal ISO-container logistics reaching regions far from coastal terminals.

Name

Elengy

Legal name

Elengy

Website

https://elengy.com

Company type

Private

Founded year

1965

Operating status

Operating

Headcount range

251–500 employees

Short description

Elengy is a French regulated LNG terminal operator (ENGIE subsidiary) running three coastal terminals that provide unloading, regasification, storage, and multi-modal LNG logistics to energy suppliers, maritime operators, and industrial customers across Europe.

Ownership category

akta.pro rank

Product category

LNG Terminal Operations and Regasification Services

NAICS

Petroleum Bulk Stations and Terminals (424710), Specialized Freight Trucking (4842), Industrial Gas Manufacturing (32512)

SIC

Natural Gas Transmisison & Distribution (4923), Wholesale-Petroleum Bulk Stations & Terminals (5171), Arrangement Of Transportation Of Freight & Cargo (4731)

akta.pro primary industry

LNG Regasification Terminals (Onshore & FSRU) (EUALAFAB)

akta.pro secondary industries

LNG Import/Export Terminals & Storage (Regas, Peak Shaving, Small-Scale LNG) (EUALAEAD), LNG Import/Export Terminals (Liquefied Natural Gas) (TLAHABAL), LNG Shipping & Marine Transportation (LNG Carriers, Chartering) (EUALAFAC), LNG Contracting & Commercial (SPAs, Tolling, Offtake, Pricing) (EUALAFAF), LNG Environmental, Safety & Compliance (Methane, Flaring, ESG, Safety Cases) (EUALAFAL), LNG Liquefaction (Export Terminals) (EUAAACAE)

Keywords

• LNG terminal operations
• Natural gas regasification
• LNG storage services
• LNG ship loading
• Cryogenic logistics services

Headquarters

HQ city

Bois-colombes

HQ country

France

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

1. Regulated Terminal Access Fees: Elengy operates regulated LNG terminals under CRE (French Energy Regulatory Commission) tariff framework. Revenue is generated through capacity-based fees charged to shippers and energy suppliers for access to unloading, storage, and regasification services. Tariffs follow the ATM6 framework established by CRE decisions.
2. LNG Truck Loading Services: Revenue from loading LNG into tanker trucks at terminal facilities, serving road transport and industrial customers not connected to gas networks
3. Ship Reloading and Transshipment: Fees for loading LNG onto ships and ship-to-ship transshipment operations providing market flexibility
4. BioGNL by Equivalence Services: Conversion of biomethane sustainability proofs into bioLNG sustainability proofs through liquefaction, enabling decarbonization markets (ETS, IRICC, FuelEU Maritime)

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Elengy operates three regulated LNG import terminals in France (Fos Cavaou, Fos Tonkin, and Montoir-de-Bretagne) providing unloading, storage (770,000 m³ combined), regasification (21.5 Gm³/year combined) and injection services into the French and European gas transmission network. Beyond terminal access, Elengy sells ancillary services: LNG tanker truck loading (100+ daily slots), small-scale LNG carrier loading for maritime bunkering, ship-to-ship transshipment, ISO-container rail loading, secondary market capacity, and emerging BioGNL by equivalence decarbonation services.

Product overview

Elengy operates as an LNG terminal operator providing integrated infrastructure and services across three regulated LNG terminals in France: Fos Cavaou and Fos Tonkin on the Mediterranean coast (Fos-sur-Mer) and Montoir-de-Bretagne on the Atlantic coast. The company's portfolio combines core terminal operations (unloading, regasification, storage) with diversified services including ship transshipment, small-scale LNG carrier loading, tanker truck loading, and rail-based ISO container transport. Elengy is expanding into decarbonization services through BioGNL by equivalence, CO2 capture projects (GOCO2, Rhône CO2), and ammonia handling (Medhyterra), positioning terminals as multi-service decarbonization hubs. The company also operates satellite LNG storage partnerships and provides digital tools including a REMIT publication platform and tariff calculator.

Differentiator

Problem solved

Functional benefit

Products and services

• LNG Vessel Unloading and Reloading (Déchargement et Rechargement de Navires) Unloading and reloading services for LNG vessels at all three Elengy terminals (Fos Cavaou, Fos Tonkin, Montoir-de-Bretagne), enabling import of LNG for regasification and injection into the gas network, and loading of LNG onto vessels for transport to other markets. Targeted at LNG shippers, energy suppliers, and maritime customers.
• Ship-to-Ship LNG Transshipment (Transbordement) Ship-to-ship LNG transshipment operations at Montoir-de-Bretagne terminal, transferring LNG directly from vessel to vessel without using terminal tanks. Available at the Montoir-de-Bretagne terminal and marketed to LNG traders and shipping operators needing market-to-market flexibility.
• Small-Scale LNG Carrier Loading Service (Chargement de Micro-Méthaniers) Loading service for small-scale LNG vessels (micro-méthaniers) up to 40,000 m³ capacity. Available at Fos Cavaou (50 slots/year) and Fos Tonkin (18 slots/year), supporting maritime bunkering operations in the Western Mediterranean for shipping operators.
• LNG Tanker Truck Loading Service (Chargement de Camions-Citernes GNL) LNG tanker truck loading service across all three Elengy terminals (100 daily slots total). Supports road transport fuel distribution to LNG service stations and industrial sites not connected to the gas network. Customers include trucking companies and industrial LNG users.
• ISO Container Loading and Rail Transport (Chargement et Transport d'ISO Conteneurs par Rail) ISO container loading and rail transportation service enabling LNG distribution to regions far from terminals. First successful rail transport achieved from Fos Cavaou to Milan, Italy in April 2021. Customers include gas distributors and industrial operators in landlocked or remote regions.
• LNG REMIT Central Collection & Publication Platform Platform enabling market participants to publish REMIT inside information notifications in compliance with EU Regulation 1227/2011. Provided by Elengy and Fosmax LNG in accordance with French Energy Regulatory Commission (CRE) requirements; uses Okta for single sign-on authentication.
• BioGNL by Equivalence (BioGNL par Équivalence) Biomethane liquefaction by equivalence service enabling conversion of biomethane Proof of Sustainability (PoS) into bioLNG PoS. Certified under ISCC as a liquefaction plant (November 2024), with no capacity limits and very low carbon content (1.4348 gCO2eq/MJ). Customers include trucking and maritime operators seeking bioLNG for ETS, IRICC, and FuelEU Maritime compliance.
• Secondary Market Capacity Services (Marché Secondaire) Secondary market services allowing flexibility for market operators to trade LNG delivery slots through Elengy's terminals. Serves LNG shippers and traders needing to optimize capacity utilization.

Quantifiable outcome

• 60% reduction in direct (Scope 1) and indirect greenhouse gas emissions by 2030 vs 2019
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature3 records

Partnerships

Nine partnerships are on record, tiered core, flagship and minor.

• Grand Port Maritime de MarseillecoreStrategic or Co-development Partner · 24 September 2024Port authority partner for LNG hub development, small-scale services, and Medhyterra low-carbon ammonia import terminal project at Fos Tonkin site.
• Vicat, SPSE, RTEcoreStrategic or Co-development Partner · 17 March 2024Rhône Decarbonation project - public consultation 2025 for CO2 transport infrastructure linking Rhône Valley industrial sites to liquefaction/export terminal at Fos-sur-Mer for geological sequestration.
• GRTgaz, Heidelberg Materials, Lafarge, Lhoist, TotalEnergiesflagshipStrategic or Co-development Partner · 10 July 2023GOCO2 project - large-scale CO2 capture and transport infrastructure from industrial sources in western France (Pays de la Loire, Grand Ouest) for liquefaction and geological storage. CO2 terminal at Montoir-de-Bretagne to serve multiple industrial emitters.
• Delta RailminorChannel Partner/ Reseller/ Distributor · 6 February 2023Agreement for LNG container loading service from multimodal platforms remote from LNG terminals, enabling rail transport of LNG to serve regions far from terminal locations.
• EveRé, TotalEnergies, CMA CGM GroupcoreStrategic or Co-development Partner · 5 July 2021France's first Bio-LNG production project at Marseille-Fos port. Circular economy project converting household waste from Aix-Marseille Provence Metropolis into bio-LNG for CMA CGM's LNG-powered fleet. Uses existing infrastructure: EveRé's methanization units, Elengy's terminals for storage/delivery, TotalEnergies' bunker ship.
• Qatar Petroleum (Qatar Terminal Limited)flagshipStrategic or Co-development Partner · 20 February 2020Long-term agreement for LNG receiving, storage, and regasification services at Montoir-de-Bretagne terminal. QTL subscribed to ~3 million tons per annum throughput capacity until 2035, making Montoir a strategic import point for Qatari LNG into NW Europe.
• Rubis TerminalcoreStrategic or Co-development Partner · 22 November 2019Joint development of satellite LNG storage facility at Reichstett (Alsace) to serve eastern France, southern Germany and neighboring regions. Facility commissioned 2023, handling 130,000 t LNG/year with 24 tanker loading slots/day. Supplies region far from main LNG points.
• Fosmax LNGcoreOthersFosmax LNG is a wholly-owned subsidiary of Elengy, owning the Fos Cavaou LNG terminal (330,000 m³ storage, 10 Gm³/year capacity). Elengy acquired Total's remaining 27.5% stake in 2020 to own 100% of the subsidiary. Fosmax LNG operates under Elengy's management.
• GRTgazcoreStrategic or Co-development PartnerParent company/shareholder relationship. Elengy is a GRTgaz subsidiary within ENGIE Group. GRTgaz and Elengy jointly develop CO2 infrastructure projects including GOCO2 (Grand Ouest CO2) for capture and liquefaction at Montoir terminal.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Enagás (Spain): Enagás is Spain's TSO and operator of multiple LNG regasification terminals (Barcelona, Cartagena, Huelva, Sagunto, Mugardos). It is directly comparable to Elengy as a regulated LNG infrastructure operator serving the Iberian and broader European gas markets.
• Fluxys LNG (Zeebrugge): Fluxys operates the Zeebrugge LNG terminal in Belgium, providing regasification, storage, and small-scale LNG loading services into Northwest Europe. It is a direct functional peer to Elengy with comparable regasification capacity, ship loading, and truck loading services serving the same European gas corridor.
• National Grid Grain LNG: Grain LNG is the UK's largest LNG import terminal, operated by National Grid, with comparable regasification, storage, and LNG road tanker loading services. It serves a similar role to Elengy in the UK market and is one of the largest European LNG infrastructure operators.
• Dunkerque LNG: Dunkerque LNG operates France's other large-scale LNG regasification terminal on the North Sea coast, with 13 Gm³/year capacity. It is the most direct domestic peer to Elengy, offering overlapping regasification services to French and European gas markets under a comparable regulated framework.
• Gate terminal (Gas Access to Europe): Gate terminal is a Dutch LNG regasification facility at Rotterdam serving Northwest European gas markets. It is directly comparable to Elengy's terminals in terms of regulated regasification, storage, and small-scale services, and is part of the same competitive set for European LNG imports.

Others

• Rubis Terminal: Rubis Terminal is Elengy's partner for the Reichstett satellite LNG storage facility in Alsace. As a storage and distribution partner rather than a regasification competitor, it is an ecosystem/adjacent player in Elengy's multi-modal LNG distribution network.

Broad incumbents

• Cheniere Energy: Cheniere is the largest US LNG exporter with a major portfolio of liquefaction and regasification-adjacent infrastructure. While primarily an exporter, Cheniere's Sabine Pass and Corpus Christi operations make it a structural reference point for global LNG infrastructure valuation and comparable in scale and asset type.
• Snam (Italy): Snam is Italy's main gas infrastructure operator (TSO) and has entered LNG regasification through the Livorno FSRU and other projects. It is a broad incumbent comparable to ENGIE/Elengy in the European gas infrastructure value chain, with overlap in storage and regasification services.

Emerging players

• Venture Global LNG: Venture Global is a fast-growing US LNG developer building multiple large-scale export terminals. It is an emerging peer relevant to Elengy as a long-term customer of European regasification capacity and a competitor for global LNG trade flows that pass through Elengy's terminals.
• STX Group (FSRU operators) / Hoegh LNG: Hoegh LNG (now part of Höegh Evi) operates FSRU-based regasification solutions that are increasingly competing with onshore terminals like Elengy's in the European market. It is an emerging peer representing a different delivery model for the same LNG import service.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=-lOULAJhuDk
• Xx.com/Elengy
• LinkedInlinkedin.com/company/elengy

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Elengy