Wedoany.com Report-Nov. 27, TotalEnergies has decided to withdraw its floating storage and regasification unit (FSRU) from the port of Le Havre, France, concluding that the facility is no longer required to support energy security in France or Europe.

The FSRU, named Cape Ann, was deployed in late 2022 at the request of French authorities and entirely at TotalEnergies' own expense, without public funding. It provided an additional 5 billion cubic metres per year of regasification capacity as a precautionary measure during the period of sharply reduced pipeline gas supplies from Russia.

The company described the terminal as a valuable "safety net" that could have been critical during extreme winter demand or renewed supply disruptions. However, with European gas markets now stabilised, storage levels comfortable, and diversified supply routes secured, utilisation of the Le Havre FSRU has been minimal.

This assessment was supported by an October 16, 2025, ruling from the Rouen Administrative Court confirming the facility's limited operational need in the current environment. Following that decision, TotalEnergies elected to demobilise the vessel.

The company maintains a strong integrated position across the LNG value chain, with a 2024 global portfolio of approximately 40 million tonnes per year from liquefaction interests worldwide and access to over 20 million tonnes per year of regasification capacity in Europe. It continues to pursue growth in natural gas, targeting nearly 50 percent of its sales mix by 2030, while focusing on methane emission reduction and supporting coal-to-gas switching with local partners.

The withdrawal of the Le Havre FSRU reflects normalised market conditions and the successful reinforcement of alternative supply routes established since 2022, allowing the asset to be redeployed elsewhere in TotalEnergies' international operations.