Under Fluxys Belgium's tariff proposal for 2020-2023, as approved by CREG on 7 May 2019, transmission tariffs will be corrected in the event that the development of the regulatory account deviates from its planned trajectory.
EIG, a leading institutional investor to the global energy and infrastructure sectors, and Fluxys, a leading energy infrastructure company, today announced that they jointly will acquire an 80% equity stake in GNL Quintero S.A. (“Quintero”), the largest liquefied natural gas (LNG) regasification terminal in Chile, from Enagas Chile SpA and affiliates of OMERS Infrastructure. Terms of the transaction were not disclosed.
With abundant wind and solar resources enabling competitive renewable hydrogen production, Oman has the ambition to become a world leading renewable hydrogen hub. Following an invitation to become an anchor investor in the coming IPO process on the Muscat stock exchange, Fluxys has committed to acquire a 4.9% stake in OQGN, the state-owned transmission system operator. The partnership is further strengthened by a Memorandum of Understanding (MoU) between Fluxys and OQGN to explore areas of strategic cooperation in the development of Oman’s hydrogen and CO2 infrastructure.
• Regulated turnover stable
• Net profit: €54.5 million
• Proposal to the Annual General Meeting on 14 May 2019: gross dividend of €1.26 per share (2017: €1.23)
• Investments: €78.1 million, mainly for the construction of the fifth tank at the Zeebrugge LNG terminal
• Cold spell and peak demand for gas-fired power generation: Fluxys Belgium grid once again proves its robustness
• Sharp increase in terminalling of large volumes of LNG at Zeebrugge facility
• Belgium takes a first step towards green gas for consumers
Infrastructure group Fluxys and its subsidiary Fluxys LNG are gauging the market's interest in importing low-carbon molecules from the terminal at Zeebrugge. With this market initiative, Fluxys is anticipating the need for large-scale decarbonisation.
Fluxys has agreed to acquire from Macquarie Asset Management its c. 24% stake in Open Grid Europe (“OGE”), the largest transmission system operator in Germany. The acquisition fits perfectly with Fluxys’ strategy to be the essential infrastructure partner for speeding up the energy transition.
Fluxys today launches a brand refresh to better express how the company matters to society: “Shaping together a bright energy future”.
Port of Antwerp, Fluxys, and Titan LNG have celebrated the christening of a new LNG bunker barge; the FlexFueler 002. Owned by gas infrastructure group Fluxys and leading physical supplier of LNG, Titan LNG, the FlexFueler 002 makes LNG as a marine fuel widely available to vessels bunkering in the port.
Belgian federal energy Regulator CREG has approved the tariff and LNG Services Agreement proposals for unloading slots and additional storage services at the Zeebrugge LNG terminal.
The Open Season for additional regasification capacity at the Zeebrugge LNG terminal has been successful. Fluxys LNG will now take further steps in the regulatory approval process with a view to taking a final investment decision in February 2021 at the latest.
The Open Season for additional regasification capacity at the Zeebrugge LNG terminal has successfully been closed. During the binding window of the Open Season, the full 6 million tonnes per year (or c. 10.5 GWh/h) capacity on offer has been subscribed.
North Sea Port, Fluxys Belgium, ArcelorMittal Belgium and Federal Energy Minister Tinne Van der Straeten are joining forces to develop a network of pipelines for hydrogen, CO2 and heat in the port area. This was agreed during a visit by the minister to North Sea Port on Wednesday 2 June.
New study by the European Hydrogen Backbone initiative estimates 2,300 TWh of hydrogen demand in EU+UK by 2050 corresponding to 20-25% of future EU and UK energy demand
Sufficient potential exists to produce this quantity as green and blue hydrogen within the EU and UK, hydrogen imports from neighbouring regions are likely
With a view to offering full decarbonisation options for heavy duty trucks and ships, Fluxys LNG is organizing a Subscription Window for BioLNG liquefaction services at the Zeebrugge LNG Terminal. This innovative service is in line with Fluxys’ desire to contribute to a carbon neutral future.
With a view to offering storage users the possibility to book long term redesigned storage services as well as additional flexibility as from 1 April 2022, Fluxys Belgium is organizing a subscription window. It is the first storage service sales under the new commercial model.
Gas infrastructure company Fluxys and institutional investor EIG Global Energy Partners (EIG) have entered into an agreement on the transfer of EIG’s minority stake in Brazilian gas transmission system operator TBG. Completion of the transfer is expected to take approximately two months. Both companies will also explore further strategic cooperation in Brazil’s gas infrastructure market. Fluxys is looking forward to become an industrial partner in TBG as it is a key energy infrastructure for Brazil and the company’s management and workforce are highly experienced.
In the framework of the commercial process started in January 2021 to facilitate the development of a hydrogen and CO2 infrastructure in Belgium, Fluxys today invites - through the launch of information memorandums - industrial parties to express their interest to be connected to the open access hydrogen and/or CO2 infrastructure.
A group of new shareholders has reached an agreement today with global investment group CDPQ to acquire its 19.85% participation in Fluxys. The new shareholders are Energy Infrastructure Partners, the leading Switzerland-based infrastructure investor focused on the global energy transition, and a consortium of Belgian institutional investors. The transfer is expected to be completed by the end of 2022.
Belgian consortium Hyoffwind has signed an agreement with John Cockerill and BESIX to design and build a green hydrogen production unit in Zeebrugge. This agreement represents a new milestone for Hyoffwind, which is playing a key pioneering role in line with the Flemish, Belgian and European hydrogen strategy.
Within roughly four years, hydrogen will pass through a pipeline across the national border in the cross-border port area of North Sea Port. Gasunie, Fluxys and the port are joining forces to connect the Dutch and Belgian hydrogen networks in the port zone.