The EU Commission announced it will grant Air Liquide, Fluxys Belgium and Port of Antwerp-Bruges €144.6 million under the Connecting Europe Facility for Energy (CEF-E) funding program. The funding is earmarked for the construction of shared CO₂ transport and export facilities on the Antwerp port platform. The grant award is a major step towards the final investment decision, expected in 2023.
The two companies have agreed to develop a major infrastructure project for transporting captured CO2 from emitters to safe storage sites in the North Sea, connecting Belgium to Norway. The project is in the feasibility stage, with an investment decision expected by 2025.
Fluxys, Advario Stolthaven Antwerp and Advario Gas Terminal have joined forces to study the feasibility of building an open-access green ammonia import terminal at the Port of Antwerp-Bruges. The plan is to offer the market a robust solution to its growing demands for importing and storing green energy and raw materials against a backdrop of ongoing decarbonisation.
Fluxys, ArcelorMittal Belgium and North Sea Port have started a feasibility study for the Ghent Carbon Hub project, an open-access CO2 storage and liquefaction hub in the Ghent part of North Sea Port.
The Ordinary General Meeting of Shareholders of 14 May 2024 decided to distribute a dividend for the financial year 2023 and set the gross amount at EUR 1.40 per share.
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.
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.
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.
As of the 5th of April 2024, the "Ostsee Anbindungsleitung" (OAL) has a second owner: Fluxys Deutschland GmbH. The Düsseldorf-based transmission system operator has acquired a 25 percent share in the pipeline from GASCADE Gastransport GmbH. Fluxys Deutschland will market the associated transport capacities independently in future.
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.
Increasing security of supply: DNV sees potential 300 TWh/a of green hydrogen
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.
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.
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.
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.