GASCADE and Fluxys have applied to the European Commission for Project of Common Interest (PCI) status for the AquaDuctus project, marking a major step forward in their plans for an offshore pipeline for green hydrogen in the North Sea. The move by the two infrastructure operators highlights the project's importance for the hydrogen ramp-up.
Publi-T and Fluxys SA are pleased to announce the incorporation of NextGrid Holding SA. This new subsidiary is intended to hold in the future the shares that Publi-T owns in the Elia Group, and to participate in future capital increases.
Under this new structure, Publi-T will continue to serve as the reference shareholder of Elia Group, while Fluxys SA will join as a minority investor.
28/03/2024 - Annual results of Fluxys Belgium for the financial year 2023
On 8 December 2022 the EU Commission has announced it will grant Fluxys Belgium, North Sea Port and ArcelorMittal Belgium €9,6 million under the Connecting Europe Facility for Energy (CEF-E) funding program. The funding is earmarked for the study of the Ghent Carbon Hub project, an open-access multi modal CO₂ storage and liquefaction terminal in North Sea Port combined with a CO₂ pipeline network connecting the Walloon region to the hub in Ghent.
The EU Commission announced it will grant Air Liquide, Fluxys Belgium and Port of Antwerp-Bruges €144.6 million under the Connecting Europe Facility for Energy (CEF-E) funding program. The funding is earmarked for the construction of shared CO₂ transport and export facilities on the Antwerp port platform. The grant award is a major step towards the final investment decision, expected in 2023.
A powerful consortium of four Belgian industrial players – Prefer, Fluxys Belgium, Lhoist and Orbix – have joined forces to help decarbonise Belgian industry and provide a sustainable solution for the construction sector. They have now been selected by an European innovation fund (Innovation Fund Small Scale) and will receive a €4.5 million grant. Although there is still another administrative step to complete by March 2023, this announcement is wonderful news for the project, as it crystallises the work of the consortium and gives it the boost it needs to successfully carry out the project.
In June 2022, French and Belgian energy infrastructure operators GRTgaz and Fluxys Belgium launched a market call for developing the first open-access, cross-border hydrogen transmission network between France and Belgium, in the Hainaut region. 17 companies expressed an interest in connecting their production or consumption site to the proposed transmission network, for production capacity ranging from 300 to 600 MW and an associated hydrogen consumption of between 1.5 and 3 TWh/year, depending on the options considered. A feasibility study will now be launched.
In the presence of her Royal Highness Princess Astrid, a joint declaration on low-carbon value chains (“the Oslo Declaration”) undersigned by Fluxys and 13 major industrial groups, North Sea Port and Port of Antwerp-Bruges, was handed over to Belgian policy makers. The signatories stress the importance of Carbon Capture, transport, Usage and Storage (“CCUS”) in meeting the decarbonisation challenges and urge the policymakers to install the necessary policy instruments.
29/03/2023 - Annual results Fluxys Belgium financial year 2022
Fluxys, Advario Stolthaven Antwerp and Advario Gas Terminal have joined forces to study the feasibility of building an open-access green ammonia import terminal at the Port of Antwerp-Bruges. The plan is to offer the market a robust solution to its growing demands for importing and storing green energy and raw materials against a backdrop of ongoing decarbonisation.
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.