France to Reconsider Fourth Terminal at Paris Charles de Gaulle Airport

French Junior Minister for Transport Jean-Baptiste Djebbari arrives to attend the weekly cabinet meeting at the Elysee Palace in Paris, France, July 7, 2020. REUTERS/Benoit Tessier
French Junior Minister for Transport Jean-Baptiste Djebbari arrives to attend the weekly cabinet meeting at the Elysee Palace in Paris, France, July 7, 2020. REUTERS/Benoit Tessier
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France to Reconsider Fourth Terminal at Paris Charles de Gaulle Airport

French Junior Minister for Transport Jean-Baptiste Djebbari arrives to attend the weekly cabinet meeting at the Elysee Palace in Paris, France, July 7, 2020. REUTERS/Benoit Tessier
French Junior Minister for Transport Jean-Baptiste Djebbari arrives to attend the weekly cabinet meeting at the Elysee Palace in Paris, France, July 7, 2020. REUTERS/Benoit Tessier

The French government will reconsider plans to build a fourth terminal at Paris Charles de Gaulle airport because of the coronavirus crisis, Transport Minister Jean-Baptiste Djebbari said.

State-owned airport operator ADP plans to build a fourth terminal at CGG-Roissy with a capacity of 35 to 40 million passengers per year, but green activists and local towns are fighting it and the fall in traffic due to COVID-19 has raised doubts about its viability.

"The project to receive 40 million more passengers by 2030 is probably no longer justified as it was planned," Djebbari said on Europe 1 radio.

He said French airports would still need investment for upgrades and would have to make sure that new types of planes, such as hydrogen-powered planes, can land.

"The problem of T4 will be reviewed in depth, that is the reality," Djebbari said, adding that he has discussed the issue several times with ADP chief Augustin de Romanet.

Djebbari said the virus crisis had cut traffic at French airports to about 40% of pre-crisis levels, with slightly more traffic on domestic lines and a bit less on long-distance lines.

"Traffic is restarting very gradually. We will see in September whether business clients return, that will give an indication for the end of the year and next year," he said.

Djebbari, a former airline pilot, added that depending on this outlook, projects for airports and will have to be adjusted and airlines will have to adapt their offer.

ADP said on Monday passenger traffic could take as long as seven years to recover completely from the crisis.

First-half traffic at CDG and Orly combined fell by 62% to 19.8 million passengers.

French media have estimated terminal 4 would cost 7 to 9 billion euros.

A government-organised citizens' consultation about climate change has advised to ban all new airport construction.



Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
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Oil Up as Israel, Hezbollah Trade Accusations of Ceasefire Violation

FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)
FILE - An aurora borealis, also known as the northern lights, makes an appearance over pumpjacks as they draw out oil and gas from well heads near Cremona, Alberta, Thursday, Oct. 10, 2024. (Jeff McIntosh/The Canadian Press via AP, File)

Oil prices ticked up on Thursday after Israel and Lebanon’s Hezbollah traded accusations that their ceasefire had been violated, and as Israeli tanks fired on south Lebanon.

OPEC+ also delayed by a few days a meeting likely to extend production cuts.

Brent crude futures edged up by 30 cents, or 0.4%, to $73.13 a barrel by 1741 GMT. US West Texas Intermediate crude futures were up 23 cents, 0.3%, at $68.93. Trading was thin because of the US Thanksgiving holiday, Reuters reported.
Israel's military said the ceasefire was violated after what it called suspects, some in vehicles, arrived at several areas in the southern zone.
The deal, which took effect on Wednesday, was intended to allow people in both countries to start returning to homes in border areas shattered by 14 months of fighting.
The Middle East is one of the world's major oil-producing regions, and while the ongoing conflict has not so far not impacted supply it has been reflected in a risk premium for traders.
Elsewhere, OPEC+, comprising the Organization of the Petroleum Exporting Countries and allies including Russia, delayed its next policy meeting to Dec. 5 from Dec. 1 to avoid a conflict with another event.
Also supporting prices, OPEC+ sources have said there will again be discussion over another delay to an oil output increase scheduled for January.
"It's highly unlikely they are going to announce an increase production at this meeting," said Rory Johnston, analyst at Commodity Context.
The group pumps about half the world's oil but has maintained production cuts to support prices. It hopes to unwind those cuts, but weak global demand has forced it to delay the start of gradual increases.
A further delay has mostly been factored in to oil prices already, said Suvro Sarkar at DBS Bank. "The only question is whether it's a one-month pushback, or three, or even longer."
Depressing prices slightly, US gasoline stocks rose 3.3 million barrels in the week ending Nov. 22, the US Energy Information Administration said on Wednesday, countering expectations of a small draw in fuel stocks ahead of holiday travel.
Slowing fuel demand growth in top consumers China and the US has weighed on oil prices this year.