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.
Information on key events in the first half of 2024 and their impact on the financial situation of Fluxys Belgium.
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.
Creos Luxembourg, Fluxys hydrogen in Belgium, and GRTgaz in France announce the inclusion of the cross-border hydrogen infrastructure project HY4Link in the European hydrogen network development plan, a first step to become Project of Common Interest. In the light of this announcement, the partners have signed a Memorandum of Understanding to intensify their cross-border hydrogen infrastructure cooperation.
The French and Belgian energy infrastructure companies, GRTgaz and Fluxys hydrogen, a subsidiary of Fluxys Belgium, announce the launch of a market call to assess the needs and economic interest for the creation of an ‘open acces’ hydrogen transport infrastructure between France and Belgium.
Publi-T signed a Heads of Agreement with Fluxys SA/NV to enable Publi-T to follow future capital increases of Elia Group. Together, they will create a new subsidiary to which Publi-T will contribute its 44.79% stake in Elia Group. When needed, Publi-T and Fluxys SA/NV will contribute additional capital to the subsidiary to fund its share in future capital needs of Elia Group. In the new structure, Publi-T will remain the reference shareholder of Elia Group, with Fluxys SA/NV as a minority investor.
A recent Memorandum of Understanding (MoU) signed between FluxSwiss, Transitgas, OGE, Fluxys TENP and Snam, marks a significant step towards enhancing hydrogen supply in Central Europe. The MoU facilitates cooperation among the parties to ensure technical and operational compatibility. This includes assessing necessary modifications to the infrastructure and aligning the timelines for ramp-up of H2 and commissioning.
On June 24th, the Council of the European Union adopted a 14th sanctions package against Russia. Fluxys LNG, the Zeebrugge terminal operator, 100% subsidiary of the listed company Fluxys Belgium, has adapted its operational rules to be fully compliant with the adopted sanctions which will be applicable to the existing contracts as from March 26 2025.
Do you require Belgian Domestic Exit capacities for 2020 ? You can now simulate prices through the Price Simulator for :
• Public Distribution (Exit Points connected with the DSO network)
• End Users directly connected to the Fluxys Grid
The Reverse Flow project is progressing as planned. South-to-north reverse flow capacity in the TENP system will be available to the market as from 1 October 2018.
Consultation regarding the request for a single exemption from the obligation to enable bi-directional capacity at the interconnection point Deutschneudorf-EUGAL