Asterion announced the acquisition of a 25 percent stake in FluxDune, and indirectly, an approximately 15 percent stake in Dunkerque LNG, the operator of France’s largest LNG receiving and regasification terminal, in a statement on Wednesday.
The firm did not provide further details regarding the acquisition.
According to the Fluxys website, Dunkerque LNG is 61 percent owned by a consortium of Fluxys, Asterion Industrial, and Credit Agricole Assurances, and 39 percent owned by a consortium of Korean investors led by IPM Group in cooperation with Samsung Asset Management.
Asterion noted that the LNG terminal is the only European terminal with direct connection to two markets – France and Belgium – and is strategically positioned to address the energy security needs of continental Europe.
“With this new investment in France, Asterion continues to expand its presence in the country, leveraging on its industrial approach, execution speed, and market insights,” the company said.
This represents the fourth investment for Fund III and the formation of a new partnership with majority shareholder Fluxys, Asterion said.
Commissioned in January 2017, the Dunkirk LNG terminal has an annual regasification capacity of 13 billion cubic meters of natural gas.
Previous shareholders EDF and TotalEnergies are the main customers of the LNG terminal through 20-year contracts.
US energy giant ConocoPhillips also booked regasification capacity at the facility.
According to Dunkerque LNG, the LNG terminal received 118 carriers in 2024. This compares to 121 carriers in 2023 and a record 141 carriers in 2022.
