March 29 (LNGJ) - Fluxys Belgium, the operator of the Zeebrugge LNG import terminal and natural gas assets, reported a drop in 2023 revenues in its regulated business to €592.7 million ($640.2M) from €912.5M in the previous year. “This change is in line with the tariff methodology,” said Fluxys. Net profits declined in the year to December 2023 to €77.4M from €83.7M. “Throughout the year all our teams did everything they could to support security of supply in North-West Europe,” said Fluxys.
“The geopolitical situation resulting from the war in Ukraine has profoundly changed the dynamics of the gas markets and the direction of flows in Europe. In addition to supplying Belgium, suppliers continued to carry large quantities of natural gas to the Netherlands and Germany via the Belgian grid,” the company added. “We reinforced the Zeebrugge-Brussels corridor with an additional pipeline to carry more natural gas inland from Zeebrugge while maintaining high flows to neighbouring countries,” Fluxys stated.
