The bunkering vessel ENGIE Zeebrugge performed in the port of Zeebrugge, Belgium, its first deliveries of LNG (liquefied natural gas) as a marine fuel to M/V AUTO ECO and M/V AUTO ENERGY, the two new gas-propelled pure car and truck carriers (PCTCs) of UECC. The LNG bunkering operations were conducted at the same time that the cargo operations for PCTCs were taking place.
Fluxys today has undertaken an acquisition merger with its wholly owned subsidiary Fluxys Finance that was in charge of the centralised management of cash funds and financing within the group. These activities will now be carried out by Fluxys itself.
Fluxys and Titan LNG have built the FlexFueler 002 LNG bunkering barge to support the shipping industry in its switch to cleaner operations in the Antwerp port and region. The vessel will make liquefied natural gas (LNG) more widely available as alternative shipping fuel from its home location at Quay 526/528 as from February 2021.
Eoly (part of Colruyt Group), Parkwind and Fluxys want to build an installation in Zeebrugge to convert renewable electricity into green hydrogen on an industrial scale. The feasibility study for the project turned out positive and today, the consortium is issuing a call for tenders for its construction. The partners aim to take a final investment decision after the summer.
Hainaut-based intermunicipal company IPFH has entered into a collaboration agreement with Fluxys – a tangible way for both players to help make Europe a carbon-neutral continent by 2050, in line with the European Union's objectives.
Gas infrastructure company Fluxys and shareholders of Hanseatic Energy Hub, developer of the LNG terminal project in Stade near Hamburg, have agreed on Fluxys joining the project as industrial partner.
Gas infrastructure company Fluxys and institutional investor EIG Global Energy Partners (EIG) have completed the announced transfer of EIG’s minority stake in Brazilian gas transmission system operator TBG.
In der Führungsebene der Fluxys in Deutschland findet eine Veränderung statt: Dr. Peter Drasdo verlässt die Gesellschaft zum 1.Juli 2017 in bestem beidseitigem Einvernehmen und wird sich neuen Aufgaben außerhalb der Fluxys-Gruppe zuwenden.
Die Fernleitungsnetzbetreiber GASCADE Gastransport GmbH, Fluxys Deutschland GmbH, Gasunie Deutschland Transport Services GmbH und ONTRAS Gastransport GmbH haben eine Bruchteilseigentümervereinbarung für das Pipelineprojekt Europäische Gas-Anbindungsleitung (EUGAL) unterzeichnet.
Natural gas transmission tariffs are set to drop for the third time in five years on 1 January 2018, which will have a positive impact on gas bills for individuals, SMEs as well as large companies. This decrease is triggered by the interim tariff revision mechanism provided for in CREG’s tariff decision.
- Net profit stable despite low interest rates: €61.1 million
- Dividend at same level as last year: €1.20 (gross) per share
- €188 million investments in infrastructure
- Belgian grid entirely bidirectional thanks to laying of Alveringem-Maldegem pipeline
- A first in Europe: integrated gas market for Luxembourg and Belgium
- 20-year contract for LNG transshipment services
- Regulated revenue in the new regulatory period down as a result of the decrease in a number of authorised costs: operating expenses, financial expenses, and the authorised return affected by the continuing very low level of interest rates
- Fluxys Belgium will propose to the Annual General Meeting to be held on 9 May 2017 paying out the same gross dividend as the previous year, namely €1.20 per share
- Investments: €139.2 million, mainly relating to the fifth tank and the second jetty at the Zeebrugge LNG terminal
- Belgian grid plays a key role in meeting flexibility needs for the Northwest European and UK markets
- Belgian gas trading place ZTP hits record highs (up 50%)
- Small-scale LNG enjoys continued success and natural gas as a transport fuel makes considerable progress
Pascal De Buck, CEO of Fluxys Belgium, and Thierry Trouvé, CEO of GRTgaz, inaugurated in Pitgam (Nord) the new gas transmission pipeline connecting France and Belgium. Initiated in 2010, this new link between the two countries is another step towards creating a more integrated gas market in Northwest Europe.
The Green Gas Initiative has launched its first report on how gas and gas infrastructure can help to achieve the European objectives for reducing carbon and other harmful emissions. The report focuses on three main topics: biomethane, power to gas and gas as a fuel in road and maritime transport.
The Green Gas Initiative (GGI) members saw 11 TWh of biomethane injected in gas networks of their home countries in 2016, a 50% increase over the past three years. This promising result is one of the outcomes detailed in GGI’s recent first report on the development of biomethane.
Information on key events in the first half of 2016 and their impact on the financial situation of Fluxys Belgium:
- Regulated turnover down – drop results from of a number of authorised costs in decrease: operating expenses, financial expenses and the authorised return
- Efficiency efforts in line with the regulated tariff model
- Increasingly lower interest rates affect the group's results
- Investments: €54.2 million, mainly for the fifth storage tank and the second jetty at the Zeebrugge LNG terminal
- Traded volumes on the ZTP gas trading place have risen by over 51%
- Success of small-scale LNG continues
14 September 2017 – As liquidity and market depth at the Belgian gas trading place ZTP continues to increase, pan-European gas trading platform PEGAS has launched a ZTP monthly price index. The monthly index offers end users and grid users in Belgium an attractive alternative for currently used price references in gas supply contracts.
9 December 2016 – RasGas Company Limited (RasGas) has successfully delivered the first LNG cargo at the second jetty of the Zeebrugge LNG terminal. Unloading the vessel was part of the operational tests in view of commissioning the new facility.
Information on key events in the first half of 2017 and their impact on the financial situation of Fluxys Belgium
- Turnover up, mainly due to the start of contracts for gas transmission between Dunkirk and Zeebrugge
- Slight upturn in interest rates has positive impact on the Group’s results
- €36.0 million in investments, mainly in the fifth storage tank and second jetty at the LNG terminal in Zeebrugge
- Fluxys Belgium’s infrastructure: key role on the North-Western European market
- Offtake by gas-fired power stations increases by nearly one quarter
- Belgian gas trading places continue to thrive: ZTP up 46%
- Small-scale LNG remains successful and natural gas as a fuel for transport continues to rise
The world’s first top category ice class LNG carrier has docked at the Zeebrugge liquefied natural gas (LNG) terminal for a series of scheduled operations. The vessel will be serving the Yamal LNG production terminal under construction in North Siberia.