LNG

Oct 31 (LNGJ) - Fluxys, the Belgian natural gas network operator and owner of the Zeebrugge LNG import terminal, has along with fund partners closed the purchase of an additional 35.76 percent stake in the French Dunkirk LNG terminal for an undisclosed sum. Fluxys, acting with consortium partners AXA Investment and French bank Credit Agricole Assurances, bought the stake held by French major Total and the utility EDF. Fluxys now owns 60.76 percent of the Dunkirk facility, one of France’s four import terminals, and the funds hold the balance of the shares. “Through the acquisition the Dunkirk LNG terminal is now part of the Fluxys group,” said the Belgian company of the terminal that started operations in January 2017. “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,” said Pascal De Buck, Chief Executive of Fluxys.