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 bunkering vessel ENGIE Zeebrugge performed in the port of Zeebrugge, Belgium, its first deliveries of LNG (liquefied natural gas) as a marine fuel to M/V AUTO ECO and M/V AUTO ENERGY, the two new gas-propelled pure car and truck carriers (PCTCs) of UECC. The LNG bunkering operations were conducted at the same time that the cargo operations for PCTCs were taking place.
Fluxys today has undertaken an acquisition merger with its wholly owned subsidiary Fluxys Finance that was in charge of the centralised management of cash funds and financing within the group. These activities will now be carried out by Fluxys itself.
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.
The transmission system operators GASCADE Gastransport GmbH, Fluxys Deutschland GmbH, Gasunie Deutschland Transport Services GmbH and ONTRAS Gastransport GmbH have signed a fractional ownership agreement for the pipeline project European Gas Pipeline Link (EUGAL).
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.
Natural gas transmission tariffs are set to drop for the third time in five years on 1 January 2018, which will have a positive impact on gas bills for individuals, SMEs as well as large companies. This decrease is triggered by the interim tariff revision mechanism provided for in CREG’s tariff decision.
- 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
- 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
Pascal De Buck, CEO of Fluxys Belgium, and Thierry Trouvé, CEO of GRTgaz, inaugurated in Pitgam (Nord) the new gas transmission pipeline connecting France and Belgium. Initiated in 2010, this new link between the two countries is another step towards creating a more integrated gas market in Northwest Europe.
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.
The Green Gas Initiative has launched its first report on how gas and gas infrastructure can help to achieve the European objectives for reducing carbon and other harmful emissions. The report focuses on three main topics: biomethane, power to gas and gas as a fuel in road and maritime transport.
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
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.
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.
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
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.
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.
Belgian and Spanish natural gas infrastructure companies Fluxys and Enagás have closed the joint sale to FS Gas Transport AB of their total stake in Swedegas, owner and operator of the high-pressure gas grid in Sweden.
The consortium consisting of Snam (60%), Enagás (20%) and Fluxys (20%) has today completed the acquisition of a 66% stake in DESFA, the national operator in the natural gas infrastructure sector, from the Hellenic Republic Asset Development Fund (HRADF) and Hellenic Petroleum for a consideration equal to € 535 million. The consortium, which was awarded the tender for the DESFA privatization in April 2018, made the acquisition through Senfluga Energy Infrastructure Holdings. The consortium has obtained a >10-year non-recourse acquisition financing corresponding to approximately 65% of the enterprise value.