Annual Report

Looking to the future

Together with industry and our partners, we have put our foot on the accelerator. We are all set to develop the hydrogen and CO2 infrastructure for the Belgian and North-West European economy.

Pascal De Buck
Managing Director and CEO

In the years ahead, we plan to further develop our process of value creation by involving our stakeholders in an ESG approach. That is the perspective we are starting out from.

Daniel Termont
Chairman of the Board of Directors

Milestones in 2022

  • Supporting security of supply 24/7

    The geopolitical situation has profoundly changed the dynamics of gas markets and the direction of flows in Europe. Throughout the year, our teams across the country left no stone unturned to ensure security of supply in North-West Europe. Flows to Germany soared to 256 TWh (from 20 TWh in 2021) and those to the Netherlands increased to 145 TWh (from 68 TWh in 2021). At the same time, the Loenhout storage facility was filled to record levels before the winter period started.

  • Multi-molecule system takes shape

    Achieving climate neutrality will require flows of hydrogen and CO2. Together with industry, our partners and neighbouring operators, we have accelerated our pursuit of this objective. Intensive preparations are underway on hydrogen and CO2 pipeline and terminalling projects across Belgium’s wide range of industrial clusters.

  • Desteldonk-Opwijk pipeline

    Given the new supply situation in Europe, speed and adaptability are the watchwords for new infrastructure as well. We prepared thoroughly for the first phase in the construction of the Zeebrugge-Opwijk pipeline, comprising the section between Desteldonk and Opwijk. This will boost our capacity to carry natural gas inland from Zeebrugge. At the same time, the pipeline is an initial step towards speeding up the energy transition as it will be immediately available for hydrogen transport as soon as the market is ready.

  • Taking part in sporting activities with colleagues at lunchtime or after work is not only a pleasant thing to do – it also fosters team spirit and boosts motivation levels. That is why we set up Connect & Move, encouraging colleagues to exercise together, put together teams and throw themselves into sporting events. As a result, 120 colleagues went for it at 16 events across Belgium!

  • How will you change the world?

    Keeping up the good work and tapping into our innovative side to help build a climate-neutral society. That is the message of our multimedia campaign in which we enthusiastically pursued our search for talent. The results of this speak for themselves, with no fewer than 81 new colleagues joining our team. Settling in quickly makes all the difference. That’s why we provide a warm welcome as part of an innovative induction programme.

  • Progress towards achieving our own climate neutrality

    Our commitment: to be a climate-neutral company by 2035. The first milestone is to halve our greenhouse-gas emissions by 2025, compared with 2017. In 2022, we reached that milestone for methane emissions in our transmission and storage businesses. In our LNG business, three additional open-rack vaporisers currently under construction will reduce the Zeebrugge terminal’s emissions.

  • Cooperation Belgium-Germany stepped up further

    At the Belgian-German energy summit in Zeebrugge in early 2023, the two countries agreed to further increase energy cooperation. Key element in that cooperation is to ensure a pipeline corridor to facilitate hydrogen transport between Belgium and Germany.

Key figures


proposals for open-access hydrogen and CO₂ infrastructure in Belgium's industrial clusters
market consultations completed in the first phase
Greenhouse gas intensity –LNG-terminalling
Greenhouse gas intensity –transmission and storage
additional eco-friendly open-rack vaporisers with seawater


days on average of training per full-time equivalent
new employees


complaints about fraud
reports of unethical conduct


€480 M
contribution to prosperity
Proposed gross dividend per share