Fluxys Europe BV
(consolidated subsidiary - Fluxys stake 100%)
Fluxys Europe (formerly Fluxys NL) is a company established under Dutch law and set up on 23 June 2004 primarily to hold a stake in Fluxys BBL BV. On 17 December 2009, Fluxys Europe purchased from E.ON Ruhrgas a 10% stake in Interconnector UK Ltd (IUK), the operator of the subsea pipeline that has connected Zeebrugge with Bacton in the United Kingdom since 1998. And as of May 2010, Fluxys Europe increased its stake in Interconnector to 15%.
Interconnector (UK) Limited
(non-consolidated company - Fluxys NL BV stake 10%)
Interconnector (UK) Limited, a company established under British law and set up in 1994, operates the subsea natural gas pipeline (235 km) and the coastal landing terminals at Bacton in the United Kingdom and Zeebrugge for two-way transmission of natural gas between markets in the United Kingdom and continental Europe. Fluxys holds a 10% stake in Interconnector (UK) Limited via its subsidiary Fluxys NL BV, the other shareholders being La Caisse de dépôt et placement du Québec, CDP Investissements, ConocoPhillips, Distrigas, Electrabel, ENI, E.ON Ruhrgas and Gazprom.
Fluxys BBL BV
(consolidated subsidiary - Fluxys NL BV stake 100 %)
Fluxys BBL is a company established under Dutch law and was set up on 23 June 2004 to take a 20% stake in BBL Company VOF.
BBL Company VOF
(joint venture - Fluxys BBL BV stake 20%)
BBL Company VOF is a partnership established under Dutch law and was set up on 9 July 2004 to manage construction, operation and marketing of the subsea natural gas pipeline between Bacton in the United Kingdom and Balgzand in the Netherlands. The pipeline was commissioned on 1 December 2006.
Flux Re
(consolidated subsidiary - Fluxys stake 100%)
Flux Re is a reinsurance company established under Luxembourg law set up on 18 October 2007. On 10 December 2009, Flux Re acquired a 0.10% stake in Fluxys Europe (a new Fluxys subsidiary).
Belgian Pipe Control SA in settlement
(non-consolidated company - Fluxys stake 25%)
Belgian Pipe Control (BPC) was responsible for low-level maintenance and inspection of pipelines belonging to third parties and used for the transmission of products other than natural gas. In December 2009, the contracts in force between BPC and SNTC were terminated effective 1 January 2010. Insofar as BPC is winding up its activities, the Board of Directors plans to propose dissolving and liquidating the company at the next Annual General Meeting to be held in 2010.
C4Gas SA
(non-consolidated subsidiary - Fluxys stake 5%)
C4Gas is a public limited company set up in 2002 with GDF SUEZ and National Grid. Its purpose is to create and operate a gas material purchasing portal.
APX BV
(non-consolidated company - Fluxys stake 3.84%)
APX BV, a company established under Dutch law, is a group of international power and gas exchanges in the Netherlands, the United Kingdom and Belgium. The company also provides market data and indices for electricity and natural gas to meet the needs of traders, energy suppliers and energy-intensive industries.
In December 2008, APX acquired ENDEX. Most of 2009 was therefore spent incorporating ENDEX's activities into an integrated structure.