Subsidiaries of Fluxys

Fluxys Belgium SA

(consolidated subsidiary – Fluxys stake 90%)
Fluxys Belgium is the independent operator of the natural gas transmission and storage infrastructure in Belgium.

> To the Fluxys Belgium website


Fluxys Belgium SA’s subsidiaries and stakes

Fluxys LNG SA
(consolidated subsidiary –Fluxys Belgium stake 99.99%, Flux Re stake 0.01%)
Fluxys LNG owns and operates the LNG terminal in Zeebrugge and sells terminalling capacity and related services.

Balansys
(consolidated using the equity method – Fluxys Belgium stake 50%)
As part of the integration of the Belgian and Luxembourg markets, Fluxys Belgium and Creos set up the company Balansys on 7 May 2015, a joint venture in which Fluxys Belgium and Creos each have a 50% stake.


Flux Re
(consolidated subsidiary – Fluxys Belgium stake 100 %)
Flux Re is a reinsurance company established under Luxembourg law in October 2007.

Prisma
(non-consolidated company – Fluxys Belgium stake 9.2%, Fluxys TENP stake 1.33%)
This shared capacity platform is bringing together the gas markets of 13 countries in the heart of Europe and will work proactively using the capacity allocation measures set out in the future European network code.




Fluxys Europe BV

(consolidated subsidiary - Fluxys stake 100%).
Fluxys Europe is a company established under Dutch law and incorporates Fluxys’ activities outside Belgium.

Fluxys Europe BV’s subsidiaries and stakes

Gas Management Services Limited
(consolidated subsidiary – Fluxys Europe stake 100%)
All players in the natural gas chain, including producers, LNG importers, traders, suppliers and end users, can subcontract follow-up of nominations for their natural gas movements and transfers to the operational support services offered by Gas Management Services Limited (GMSL).

To the GMSL website


Interconnector (UK) Limited
(consolidated subsidiary - stake 76.32%). Interconnector (UK) Limited (IUK), a company established under British law in 1994, operates the 235-km subsea pipeline and the coastal landing terminals at Bacton in the United Kingdom and Zeebrugge for the transmission of natural gas, in both directions, between the British and continental European markets.

> To the IUK website


Fluxys TENP GmbH
(consolidated subsidiary – Fluxys Europe stake 100%)
Fluxys TENP is a company established under German law. It has a 49% stake in the owner of the TENP pipeline, TENP KG, and a 50% stake in TENP GmbH, which operates the pipeline. As an independent transmission system operator, Fluxys TENP has the right to commercialise 64.25% of capacity in the TENP pipeline.

To the Fluxys TENP website


TENP KG
(consolidated subsidiary – Fluxys TENP stake 49%)
TENP KG is a company established under German law and is owner of the TENP pipeline.


NetConnect Germany GmbH & Co. KG
(non-consolidated company – Fluxys TENP stake 10%)
NetConnect Germany GmbH & Co. KG is a company established under German law in charge of the balancing of the NetConnect Germany area.


Fluxys Deutschland GmbH
(consolidated subsidiary – Fluxys Europe stake 100%)
Fluxys Deutschland is a company established under German law, which incorporates the 23.87% stake in the North European Gas Pipeline (NEL) and the 16.50% stake in the EUGAL pipeline.

>To the Fluxys Deutschland website

Knubbsäl – Swedegas
(consolidated using the equity method – Fluxys Europe stake 50%)
Fluxys Europe acquired a 50% stake in Knubbsal - Swedegas in April 2015. This participation is consolidated using the equity method.

TAP
(consolidated using the equity method – Fluxys Europe stake 19%)
TAP is a piece of infrastructure that will transmit gas from Azerbaijan to Europe along the Southern Gas Corridor. This participation is now consolidated using the equity method, given the considerable influence exercised by the Fluxys group.

> http://www.tap-ag.com/


Gasbridge I
(Gasbridge 1 consolidated subsidiary  – Fluxys Europe stake 100%)
Gasbridge I and II were set up to acquire shareholdings in Interconnector (UK) and Interconnector Zeebrugge Terminal, in partnership with Snam. Gasbridge I has a stake of  23,68% in Interconnector (UK).

The Interconnector Zeebrugge Terminal
The Interconnector Zeebrugge Terminal
(consolidated using the equity method – Gasbridge I stake 26%, Interconnector (UK) Ltd stake 49%)
The Interconnector Zeebrugge Terminal connects the Belgian grid to the underwater Interconnector pipeline which runs to Bacton in the United Kingdom.

Fluxys UK Limited
(consolidated subsidiary – Fluxys Europe stake 100%).
Fluxys UK Ltd is a company under English law and fully consolidated.

Fluxys Interconnector Limited (consolidated subsidiary – Fluxys Europe stake 100%).
Fluxys Interconnector Ltd is a company under English law and fully consolidated.

Fluxys BBL BV 
(consolidated subsidiary – Fluxys Europe stake 100%)
Fluxys BBL is a company established under Dutch law. The company holds a 20% stake in BBL Company VOF, which operates and commercialises the subsea natural gas pipeline between Bacton and Balgzand.

BBL Company VOF 
(joint venture - Fluxys BBL stake 20%)
BBL Company is a partnership established under Dutch law and was set up on 9 July 2004 to manage the construction, operation and exploitation of the subsea natural gas pipeline between Bacton in the United Kingdom and Balgzand in the Netherlands. Operation of the BBL pipeline is a joint venture between Fluxys, Gasunie (60%) and E.On Ruhrgas (20%).

> To the  BBL Company website


FluxSwiss SAGL
(consolidated subsidiary – Fluxys Europe stake 50.65%)
FluxSwiss is a company established under Swiss law. It owns 46% of Transitgas AG and as an independent transmission system operator has the right to commercialise 90% of capacity in the Transitgas pipeline.

> To the  FluxSwiss website


Transitgas AG
(consolidated subsidiary –FluxSwiss stake 46%)
Transitgas is a company established under Swiss law whose purpose is the construction, ownership, maintenance and operation of the Transitgas pipeline.


Dunkerque LNG SAS
(consolidated using the equity method – Fluxys Europe stake 25%)
Dunkerque LNG SAS is a company established under French law and is owner of the LNG terminal in Dunkirk.


Gaz-Opale SAS
(consolidated using the equity method – Fluxys Europe stake 49%, Dunkerque LNG stake 51%) Gaz-Opale is a company established under French law and was set up by Fluxys, in partnership with Dunkerque LNG, to oversee operation of the LNG terminal.

C4Gas SA 
(non-consolidated company - Fluxys Europe stake 10%) 
C4Gas is a public limited company that is jointly managed with ENGIE. The company mission is to improve purchases and increase supply chain efficiencies in the European gas transportation industry. The company provides added value services for both suppliers and buyers of gas industry related products and services. 

> To the C4Gas website

 




LNG Link Investment & Mahon Shipping

(consolidated using the equity method – Fluxys Europe stake 25%). Fluxys SA acquired a 25% stake in LNG Link Investment and Mahon Shipping. These companies are accounted for using the equity method.


boostHEAT

(non-consolidated company – Fluxys SA stake 6.26%)
Fluxys SA has acquired a stake of 7.67% in de company boostHEAT. The thermodynamic boiler of boostHEAT is an innovative technology that uses the complementarity between renewable energy and natural gas.

> to the boostHEAT website

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