Want to keep up to date by e-mail?

Subscribe here!

Fluxys becomes core shareholder of Dunkirk LNG terminal

2018-10-30
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.

With Fluxys already being 25% shareholder from the onset, the company and its consortium partners hold a 60.76% stake in the facility. Fluxys through the consortium has ~30.39% in the capital of the terminal while AXA Investment Managers – Real Assets, on behalf of its clients, and Crédit Agricole Assurances each hold ~15.19%. Fluxys’ share in Gaz-Opale, the company operating the Dunkirk LNG terminal, stays unchanged at 49%, the remaining 51% being held by Dunkerque LNG.


Besides selling a 35.76% stake in the facility to Fluxys and its consortium partners, EDF and Total also sold their remaining 39.24% stake to a consortium of Korean investors led by IPM Group in cooperation with Samsung Asset Management.


Pascal De Buck, managing director and CEO of Fluxys:“Fluxys is particularly pleased to have become core shareholder in the Dunkirk LNG terminal and we look forward to build fully on the strengths of the facility together with the other shareholders. Fluxys will join its LNG experience with the expertise of the Dunkirk terminal teams to move business forward, achieve top-notch operational, safety and environmental standards, and chart new commercial territory both in large-scale and small-scale LNG.”


Commissioned in January 2017, the Dunkirk LNG terminal is one of Continental Europe’s largest LNG terminals. With an annual regasification capacity of 13 billion m³ of natural gas, the terminal can meet 20% of France and Belgium’s gas demand. Through the direct pipeline connection between the terminal and the Belgian network, the terminal provides its clients with easy and flexible access to the UK, Dutch and German markets.


Fluxys Press Office

Rudy Van Beurden
+32 2 282 72 30
rudy.vanbeurden@fluxys.com 


Laurent Remy
+32 2 282 74 50
laurent.remy@fluxys.com 



Back to overview

Tips for using search operators

Use "quotation marks" to search for a series of words or a phrase in a specific order.

Boolean operators

You can find a group of words or a phrase by using the link words AND, OR and NOT:
known as Boolean operators, these words are used to combine terms in the search field.

  • AND: All the search terms must be included in the publication. Typing in Apple AND Pear will return publications containing both the word Apple and the word Pear.

     

  • OR :  At least one of the search terms must be included in the publication. Typing in Apple OR Pear will return publications containing either the word Apple or the word Pear or both.

     

  • NOT: The term preceded by NOT must not be included in the publication. Typing in Apple NOT Pear will return publications containing the word Apple but not the word Pear.