An integrated vision of the energy system bringing together a mix of solutions.

At Fluxys, we transport the energy needed today while shaping tomorrow.

As an essential infrastructure partner, Fluxys Belgium is a key link in an efficient and reliable energy system. To help ensure robust security of supply, we are optimising and strengthening our infrastructure so that it remains open to as many sources as possible. For consumers, producers and suppliers.

At the same time, we are building the future: a sustainable future in which renewable and low-carbon molecules and electricity are best combined with the capture, reuse or storage of CO₂. Our infrastructure is laying the foundations for the energy market of tomorrow, starting today.

Our employees are at the heart of the proper functioning of the current energy system while also working towards its transformation.

Behind every project and every innovation, our teams make the difference.

A well-balanced energy mix and
a wide variety of sources are crucial

Interview with our CEO and our Chairman

The conflict in the Middle East has once again put security of supply at the top of the agenda. What is Fluxys' view on this?

Pascal De Buck Our infrastructure provides access to a range of sources for the European market and serves as a backbone for security of supply. In North-West Europe, our infrastructure, particularly the LNG terminals in Zeebrugge and Dunkirk, is pivotal to supplying Germany, while in South-East Europe Greece is increasingly transforming into a hub for the markets to the north. However, suppliers have to be able to get those volumes to our infrastructure. The conflict in the Middle East and the complete cessation of flows from Russia are having a major impact on the energy market in the short term, both globally and particularly in Europe. All aspects of security of supply, including the security of facilities, have indeed been affected in Europe. On top of that, industry's competitiveness is facing additional pressure. Geopolitical developments are once again demonstrating just how crucial it is to have a well-balanced energy mix and a wide variety of sources.

Geopolitical developments are also impacting the energy transition. So, what's next?

Pascal De Buck The hydrogen market is struggling to gain traction, while the CO₂ market is now gathering momentum rapidly. It's a tough time for the energy transition at the moment but its timeframe differs from that of present geopolitical developments, which is why it's more important than ever to keep the long term in mind. How do we ensure that everyone has the energy they need at all times? And how do we do that in a system that is climate-neutral at the lowest possible cost? The only way to keep all these elements in balance is to take the energy system as a whole as a starting point, and that's our focus. There's no miracle solution, and we have to come up with the best possible combination of everything that contributes to this goal in a technology-neutral way: renewable and low-carbon electricity and molecules alongside carbon capture and storage or reuse. And we have to do all of this while remaining in step with the market. Stability and legal certainty within the policy framework are vital for making investment decisions during the transition to climate neutrality.

Keep the focus on the energy system as a whole and on the long term."

Pascal De Buck
Managing Director and CEO

Andries Gryffroy We're fully committed to this integrated approach by working closely and intensely with all stakeholders in other countries. Through our partnership with Elia Group, we're emphasising the importance of excellent coordination when developing energy infrastructure. In Germany, with OGE, we laid the first sections of the hydrogen network. There, we can operate within the framework of the national core network approved by the government, which also provides a framework that mitigates the risks associated with the investments. In Belgium, we've begun work on the first hydrogen and CO₂ infrastructure and have made significant progress in our project with Advario to build an ammonia import terminal in Antwerp. When it comes to both hydrogen and CO₂, we're teaming up with others in Belgium and Germany to provide key solutions via the infrastructure in Belgium for the benefit of industry in both countries. We're also working with the public authorities and regulators to establish a suitable legal and regulatory framework to further develop the hydrogen and CO₂ infrastructure in Belgium. Among other things, this framework must offer a solution to the shortfall in revenue during the start-up period, when only a limited number of customers are using the infrastructure.

Given the many sources of instability, how is Fluxys looking ahead?

Pascal De Buck Over the past few years, our staff have time and again demonstrated how quickly they can adapt and how agilely they can respond to new situations. Combined with the expertise they bring to the table and their ability to build bridges, this fosters a dynamic within the company that gives me confidence in the future. In 2025, we predominantly focused on developing hydrogen and CO₂ infrastructure in Belgium. This year, we can once again broaden our focus to include opportunities in Europe and around the world.

Andries Gryffroy Amidst the flurry of developments, we're sticking to our long-term strategy whilst responding to market signals. We adopt a measured approach where necessary and step things up where momentum builds. We're also continuing to closely monitor Elia Group's investment needs. Recent geopolitical events have given rise to additional uncertainty, so for Belgium specifically it's more important than ever that we can continue drawing on the buffers we've built up, as set out in the regulatory framework, to support our investments and tariffs for the market and to mitigate the potential impact on the use of our infrastructure.

We adopt a measured approach where necessary and step things up where momentum builds."

Andries Gryffroy
Chairman of the Board of Directors

Fluxys Group in a nutshell