A powerful consortium of four Belgian industrial players – Prefer, Fluxys Belgium, Lhoist and Orbix – have joined forces to help decarbonise Belgian industry and provide a sustainable solution for the construction sector. They have now been selected by an European innovation fund (Innovation Fund Small Scale) and will receive a €4.5 million grant. Although there is still another administrative step to complete by March 2023, this announcement is wonderful news for the project, as it crystallises the work of the consortium and gives it the boost it needs to successfully carry out the project.
The Ordinary General Meeting of Shareholders of 9 May 2023 decided to distribute a dividend for the financial year 2022 and set the gross amount at EUR 1.40 per share.
Within the spirit of partnerships and cross-border cooperation for CO₂ transport, Fluxys Belgium and Wintershall Dea signed a cooperation agreement. This agreement is one of the many steps to accelerate the green transition and to contribute towards a sustainable low carbon industry.
Fluxys Belgium, Pipelink, Socofe and SFPIM join forces in “Fluxys c-grid” to create a CO₂ network operator. This newly created organisation underlines our common ambition to support industries in their transition efforts to a low carbon future. At the same time, it shows our readiness for both the upcoming legal and regulatory frameworks for CO₂ transport activities. Fluxys c-grid ensures a long-term approach combining a regional focus with a broad internationally interconnected network.
Information on key events in the first half of 2023 and their impact on the financial situation of Fluxys Belgium.
29/03/2023 - Annual results Fluxys Belgium financial year 2022
Infrastructure partner Fluxys Belgium started today, in the presence of Prime Minister Alexander De Croo and Federal Minister of Energy Tinne Van der Straeten, the construction of the first dual-purpose pipeline. Initially this pipeline between Zeebrugge and Brussels will greatly increase the capacity for the security of supply of Belgium and neighbouring countries. In addition, this pipeline is ready for use to transport hydrogen. Prime Minister Alexander De Croo and Energy Minister Tinne Van der Straeten visited the site in Lokeren (East Flanders) today, where pipes with a diameter of 1 metre are pushed under the road surface.
On the eve of the historic North Sea Summit in Ostend, Belgium, infrastructure operator Fluxys Belgium has conveyed to Belgian Prime Minister De Croo and Ministers for Energy and North Sea, Tinne Van der Straeten and Vincent Van Quickenborne a joint declaration by Fluxys and the other major gas transmission operators (TSOs) around the North Sea. In this declaration, the TSOs commit to a harmonious development of all the energy resources the North Sea has to offer. The undersigning TSOs urge all stakeholders to cooperate so that no opportunity will be missed.
Today, celebrating the 25 years of operation of the gas Interconnector between the UK and Belgium at the UK embassy in Brussels, the British and Belgian gas infrastructure partners National Gas and Fluxys Belgium signed a Memorandum of Understanding to step up their cooperation on decarbonisation infrastructure, harnessing North Sea energy resources such as offshore wind and hydrogen production, and supporting carbon capture usage and storage (CCUS).
The question of which price index to choose for a natural gas contract is set to get simpler. From 1 October 2023, a single index, ZTP, will be used for the Belgian reference price. The ZTP index was on average 14% lower than the Dutch TTF index in 2022 thanks to the Belgian grid's good connections to all sources for the Northwest European market.
Infrastructure partner Fluxys Belgium today unveiled its BE-HyStore pilot project to store hydrogen in the underground in Loenhout, at an event attended by Federal Minister of the Economy and Employment Pierre-Yves Dermagne and Federal Minister of Energy Tinne Van der Straeten. With 40 years of expertise in underground natural gas storage, Fluxys is now testing the possibilities of storing hydrogen in an underground aquifer.
In the context of the State Visit of Their Majesties the King and the Queen of the Belgians to Germany, the CEO’s of Fluxys, OGE and Wintershall Dea have signed a cooperation agreement for CO₂ transport. The three companies plan to build a cross-border pipeline to transport carbon dioxide with the objective to support the further decarbonisation of otherwise “hard to abate” industries in Germany.
Increasing security of supply: DNV sees potential 300 TWh/a of green hydrogen
Regional cluster organizations WaterstofNet and Cluster Tweed today launched the Belgian Hydrogen Council (BHC) to consolidate and strengthen Belgium’s position in Europe and on the global stage as a pioneering hub of excellence for clean hydrogen. The eight CEOs who make up the Board of the Council met for the first time today in Brussels.
TAP shareholders Fluxys and Enagás have jointly agreed to purchase co-shareholder Axpo’s 5% stake in the pipeline. Fluxys will acquire 1% and Spain’s Enagás 4% of Axpo’s stake. Both companies will thus become 20% partner in TAP like the other shareholders Snam (Italy), bp (UK) and SOCAR (Azerbaijan).
Fluxys Belgium, Fluxys LNG (hereinafter "Fluxys Belgium") and the CREG have agreed to propose to the market some adjustments to the tariff methodology. In an environment characterised by high inflation and volatile and rising interest rates, these adjustments will allow Fluxys Belgium's margin to reach a fair level for the period 2024-2027.
Today’s additional proposals invite industrial parties to express their interest to connect into open access infrastructure for hydrogen in Liège & Mons and for CO2 in Antwerp & Ghent.
Qatar Petroleum subsidiary Qatar Terminal Limited (QTL) and Fluxys Belgium subsidiary Fluxys LNG today signed a long-term LNG Services Agreement for the Zeebrugge LNG terminal. Under the agreement, QTL subscribes unloading slots at the facility from the expiry of the current long-term unloading contracts and up to 2044.
The Zeebrugge LNG terminal loaded the Yenisei River vessel with LNG from the newly commissioned LNG storage tank in late December. The loading operation marked the start of the long-term contract for transshipments concluded in 2015 with Yamal Trade.