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.
The climate target of getting Belgian CO2 emissions 35% lower by 2030 is a formidable challenge. In this context Antwerp Port Authority and gas infrastructure operator Fluxys believe strongly that carbon capture, storage and reuse by industry is an important weapon in the fight against climate change. They are therefore teaming up to take further practical steps that will help give shape to the energy transition.
Researchers at KU Leuven have developed game-changing hydrogen panels that are garnering attention from around the world. Fluxys recently installed several of these panels on the green roof of its Anderlecht lab with a view to joining forces with the university and conducting extensive tests for a year.
Fluxys today launches a brand refresh to better express how the company matters to society: “Shaping together a bright energy future”.
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.
Fluxys and Titan LNG have built the FlexFueler 002 LNG bunkering barge to support the shipping industry in its switch to cleaner operations in the Antwerp port and region. The vessel will make liquefied natural gas (LNG) more widely available as alternative shipping fuel from its home location at Quay 526/528 as from February 2021.
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.
The European consortium consisting of Snam, the majority shareholder with an interest of 60%, together with Enagás (20%) and Fluxys (20%), confirms that it has been awarded the tender arranged by the Greek Agency for privatization (TAIPED) for the purchase of a 66% stake in DESFA, the national operator in the natural gas infrastructure sector.
Gas infrastructure company Fluxys and institutional investor EIG Global Energy Partners (EIG) have completed the announced transfer of EIG’s minority stake in Brazilian gas transmission system operator TBG.
Today, Fluxys with consortium partners AXA Investment Managers – Real Assets, acting on behalf of its clients, and Crédit Agricole Assurances have closed the transaction to jointly acquire from EDF and Total a 35.76% stake in Dunkerque LNG, owner of the liquefied natural gas (LNG) terminal in Dunkirk. Through the acquisition the Dunkirk LNG terminal is now part of the Fluxys group.
Information on key events in the first half of 2017 and their impact on the financial situation of Fluxys Belgium
- Turnover up, mainly due to the start of contracts for gas transmission between Dunkirk and Zeebrugge
- Slight upturn in interest rates has positive impact on the Group’s results
- €36.0 million in investments, mainly in the fifth storage tank and second jetty at the LNG terminal in Zeebrugge
- Fluxys Belgium’s infrastructure: key role on the North-Western European market
- Offtake by gas-fired power stations increases by nearly one quarter
- Belgian gas trading places continue to thrive: ZTP up 46%
- Small-scale LNG remains successful and natural gas as a fuel for transport continues to rise
Fluxys Belgium has successfully issued two bonds with a total nominal value of €350 million at historically low credit spreads and for long-term maturities. Total market appetite reached €880 million, which reconfirms the confidence of European institutional investors in Fluxys Belgium’s credit quality and the key role of the Belgian natural gas grid as crossroads for Northwestern Europe.
On 1 December 2017 Fluxys Belgium and GRTgaz will introduce Virtualys, a single virtual interconnection point between the Belgian ZTP and French PEG Nord gas trading places with a view to facilitate cross-border trading.
Regulated information - This press release relays the information contained in the notification received by Fluxys Belgium from Fluxys SA and Publigaz SCRL. In its capacity as an issuer of shares with its registered office in Belgium, Fluxys Belgium disseminates this information in accordance with the legislation on transparency (Title II of the law of 2 May 2007 and the Royal Decree of 14 February 2008).
- Regulated turnover remains stable
- Net profit increases by €21.8 million, €16.2 million of which is due to the one-off impact of tax reform
- Tax reform has positive impact on future tariffs but no effect on the dividend to be paid out
- Fluxys Belgium proposes to the Annual General Meeting on 8 May 2018 a gross dividend of €1.23 per share
- Successful long-term bond issue worth €350 million
- Investments: €83.4 million, mainly for the construction of the fifth tank at the Zeebrugge LNG terminal
- Belgian network plays key role as a natural gas crossroads: border-to-border transmission volumes up 20%
- Gas-fired power plants crucial to security of electricity supply
- Belgian gas trading still growing steadily
- Transmission tariffs drop by approximately 7.5% in 2018
- Natural gas as a fuel for transport continues to rise
The Zeebrugge LNG terminal performed its first direct ship-to-ship transfer of liquefied natural gas (LNG) today. The successful completion of the operation marks the start of LNG transshipment services at the facility.
The Zeebrugge LNG Terminal has recently performed its first loadings of the Coral EnergICE. This newly built ice class vessel will be making regular calls for delivering small-scale LNG to Scandinavian ports.
Information on key events in the first half of 2018 and their impact on the financial situation of Fluxys Belgium:
- Regulated turnover remains constant
- Net profit totals €24.3 million (€22.9 million during the first half of 2017)
- Investments: €52.9 million, mainly relating to the construction of the fifth tank at Zeebrugge LNG terminal
- Fluxys Belgium's infrastructure confirms its role as a crossroads for the natural gas market in North-Western Europe
- Natural gas consumption on the Belgian market remains stable
- Activity increases at Zeebrugge LNG terminal
- First transshipment of LNG directly between two vessels
- Energy transition: innovative gas applications gain ground
- First successful large-scale L/H conversion
- New tariff methodologies applicable from 2020 onwards
• 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
The subscription window for LNG services at the Zeebrugge terminal held from 30 April to 24 May 2019 has seen a positive outcome.