The Green Gas Initiative (GGI) members saw 11 TWh of biomethane injected in gas networks of their home countries in 2016, a 50% increase over the past three years. This promising result is one of the outcomes detailed in GGI’s recent first report on the development of biomethane.
25/09/2019 - Information on key events in the first half of 2019 and their impact on the financial situation of Fluxys Belgium.
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
9 December 2016 – RasGas Company Limited (RasGas) has successfully delivered the first LNG cargo at the second jetty of the Zeebrugge LNG terminal. Unloading the vessel was part of the operational tests in view of commissioning the new facility.
The joint, nationwide market area to be established in Germany will presumably start operations on 1 October 2021. This is the date the German gas transmission system operators (TSOs) have agreed with the Federal Network Agency (Bundesnetzagentur), the national regulatory authority. The TSOs believe that the planned timing, which coincides with the start of the gas year, is the most convenient solution for market participants from an operational perspective.
Belgian federal energy Regulator CREG has approved the tariff and LNG Services Agreement proposals for unloading slots and additional storage services at the Zeebrugge LNG terminal.
- Regulated revenue in the new regulatory period down as a result of the decrease in a number of authorised costs: operating expenses, financial expenses, and the authorised return affected by the continuing very low level of interest rates
- Fluxys Belgium will propose to the Annual General Meeting to be held on 9 May 2017 paying out the same gross dividend as the previous year, namely €1.20 per share
- Investments: €139.2 million, mainly relating to the fifth tank and the second jetty at the Zeebrugge LNG terminal
- Belgian grid plays a key role in meeting flexibility needs for the Northwest European and UK markets
- Belgian gas trading place ZTP hits record highs (up 50%)
- Small-scale LNG enjoys continued success and natural gas as a transport fuel makes considerable progress
14 September 2017 – As liquidity and market depth at the Belgian gas trading place ZTP continues to increase, pan-European gas trading platform PEGAS has launched a ZTP monthly price index. The monthly index offers end users and grid users in Belgium an attractive alternative for currently used price references in gas supply contracts.
Brussels/Lyon, 16 December 2016 – Six years after it was founded in 2011, boostHEAT is raising funds in a bid to finance the industrialisation phase of its thermodynamic boiler. Fluxys has decided to enter the capital of the company and will have a 7.39% share in the company as well as a member in the Board.
The world’s first top category ice class LNG carrier has docked at the Zeebrugge liquefied natural gas (LNG) terminal for a series of scheduled operations. The vessel will be serving the Yamal LNG production terminal under construction in North Siberia.
- Net profit stable despite low interest rates: €61.1 million
- Dividend at same level as last year: €1.20 (gross) per share
- €188 million investments in infrastructure
- Belgian grid entirely bidirectional thanks to laying of Alveringem-Maldegem pipeline
- A first in Europe: integrated gas market for Luxembourg and Belgium
- 20-year contract for LNG transshipment services
A change is taking place in Fluxys' management team in Germany. By cordial mutual agreement, Dr Peter Drasdo will be leaving the company on 1 July 2017 to take on new challenges outside the Fluxys Group.
Fluxys Belgium is to simplify its services for ZTP physical trading (formerly Zeebrugge Beach services) as from 1 October 2017. The PEGAS trading platform will enhance its services accordingly.
In 2014, transporter Eric Mattheeuws and natural gas infrastructure company Fluxys built a liquefied natural gas (LNG) filling station for heavy trucks at the haulage company's premises in Veurne. Now the two partners are joining forces again to expand the facility, adding a publicly accessible compressed natural gas (CNG) filling station.
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.
Eoly, part of Colruyt Group, Fluxys and Parkwind have set up a collaboration to boost the sustainability of the energy landscape in Belgium. The ambition is to build an industrial-scale power-to-gas installation that converts green electricity into green hydrogen that can be transported and stored in the existing natural gas infrastructure.
Information on key events in the first half of 2016 and their impact on the financial situation of Fluxys Belgium:
- Regulated turnover down – drop results from of a number of authorised costs in decrease: operating expenses, financial expenses and the authorised return
- Efficiency efforts in line with the regulated tariff model
- Increasingly lower interest rates affect the group's results
- Investments: €54.2 million, mainly for the fifth storage tank and the second jetty at the Zeebrugge LNG terminal
- Traded volumes on the ZTP gas trading place have risen by over 51%
- Success of small-scale LNG continues
• 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
Fluxys has taken over the concession in the port of Antwerp at quay 526-528 to make liquefied natural gas (LNG) available as an alternative fuel for ships and barges, in one of the Port Authority's key initiatives to make the port's activities more sustainable. Fluxys will add a permanent LNG bunkering facility by the end of next year to complement the existing mobile (truck-to-ship) bunkering service.
The world’s first top category ice class LNG carrier has docked at the Zeebrugge liquefied natural gas (LNG) terminal for a series of scheduled operations. The vessel will be serving the Yamal LNG production terminal under construction in North Siberia.
