LNG

The Fluxys Belgium Group, the operator of the Zeebrugge LNG terminal and the Belgian gas grid, increased turnover and net profits as the company explained how the invasion of Ukraine by Russia had “dramatically changed the dynamics of the gas markets and the direction of gas flows” in Europe.

European Union natural gas grids and companies are studying the latest report on the conversion of the low calorific gas (L-gas) markets in Belgium, France, Germany and the Netherlands to reduce demand for Groningen gas field supplies to be ended by the Dutch Government because of earth tremor concerns.