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.

GRTgaz, the French natural gas transmission company with three liquefied natural gas import terminals under its control, said LNG would help it through the winter season and was working on reversing flows to Germany following the cut-off of pipeline supplies from Russia to the European Union.