Fluxys LNG fully subscribes 6 MTPA of northwest Europe terminal capacity after open season

Tuesday, 16 February 2021
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Fluxys LNG, the operator of the Belgian import terminal in Zeebrugge, said it successfully closed an open season for additional regasification capacity and would now go ahead with installing new infrastructure

“During the binding window of the open season, the full 6 million tonnes per annum, or 10.5 gigawatt hours, of capacity on offer has been subscribed,” said Fluxys, without disclosing the successful bidders.

The company stated that as a result of the regasification take-up it was able to make a final investment decision to build the additional infrastructure required at the Zeebrugge facility.

Fluxys said the additional regasification capacity would be provided in two steps.

Firstly, from early 2024, a total of 4.7 MTPS (8.2 GWh/h) of additional regasification capacity will be available.

Secondly, as from early 2026, the full 6 MTPA (10.5 GWh/h) of additional regasification capacity would be taken up.

Fluxys Belgium also operates the high-pressure natural gas transmission network as well as other natural gas storage infrastructure.

Fluxys assets also include a stake in Dunkirk LNG in France as well as the Trans-Adriatic Pipeline.

The company in January 2021 also agreed to buy a minority stake from the equity fund, EIG Global Energy Partners (EIG), in a gas system operator in Brazil.

The deal is for part of the Brazilian utility, Transportadora Brasileira Gasoduto Bolívia-Brasil (TBG), which is the owner and operator of a 2,600-kilometres pipeline system in the southern part of the South American country.

Fluxys and TBG are also exploring further strategic cooperation in Brazil’s gas infrastructure market.

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