Japan’s JERA has signed a six-year throughput agreement with Dunkerque LNG for 2 bcm/y, equivalent to about 1.5 mtpa of regas capacity starting 2031. The agreement complements JERA’s 5.5 mtpa of new US LNG supply under flexible FOB contracts.

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QatarEnergy has offered five LNG unloading and regasification slots at Belgium’s Fluxys Zeebrugge terminal for April 2026. The five standard LNG slots were made available on Monday via the secondary market on the EMIX platform, Fluxys confirmed to Reuters.

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European natural gas and LNG prices have spiked because of the ethnic cleansing crisis facing Armenians in the South Caucasus region of the former Soviet Union and the European Union has been urged by French and Dutch politicians and others to end the gas supply agreement with Azerbaijan with the existing and new volumes aimed at southern Europe amid concerns the deal for increased supplies cannot be delivered anyway by 2027.

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Friday, 27 January 2023 06:28

Azeri pipeline deals

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Jan 27 (LNGJ) - Enagás, the Spanish gas grid and LNG terminals operator, has increased its stake to 20 percent in the Trans-Adriatic Pipeline (TAP) bringing natural gas from Azerbaijan to Europe. Enagás has agreed with the Swiss energy company Axpo to purchase 4 percent of its TAP shareholding for €168 million euros ($183M) in addition to the 16 percent that the Spanish company already owns.

   The new shareholding line-up in the TAP after this deal gives Enagás, 20 percent, the same as BP of the UK, the Azeri energy firm SOCAR, the Italian grid and LNG operator SNAM and the Belgian LNG and gas grid company Fluxys. The owner of the Zeebrugge terminal reached this percentage after buying 1 percent of the remaining stake held by Axpo.

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Monday, 26 September 2022 03:35

Fluxys stake sale

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Sept 26 (LNGJ)- Fluxys, the owner of the Belgian gas grid and holder of stakes in LNG terminals at Zeebrugge in Belgium and Dunkirk in France, said a new shareholder, Swiss-based Energy Infrastructure Partners (EIP), had acquired the 19.85 percent of shares in Fluxys previously held by a Canadian institutional investor, the Caisse de dépôt et placement du Québec (CDPQ).

   “The equity transfer is expected to be completed by the end of 2022,” said Fluxys, without disclosing the value of the deal. Daniël Termont, President of Fluxys and representative of the main Fluxys shareholder, Publigas, said he was pleased with the transaction. “Together with CDPQ, Publigas has sailed a forward-looking course with Fluxys for more than 10 years and we have built up a highly valued partnership,” added Termont.

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Thursday, 21 July 2022 07:26

Quintero LNG deal

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July 21 (LNGJ) - Fluxys, the Belgian utility company and grid and Zeebrugge LNG terminal owner, has completed its acquisition with EIG Global Energy Partners of 80 percent of the shares in the Quintero LNG import terminal in Chile from Spanish grid and terminals operator Enagás and OMERS Infrastructure, the Toronto-based Canadian fund.

   “GNL Quintero, strategically located in Quintero Bay and operational since 2009, is the largest liquefied natural gas regasification terminal in Chile. It is a solid fit with Fluxys’ strategy to develop outside Europe in a country where energy transition stands high on the agenda,” said Fluxys.

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Fluxys, the Belgian gas grid and LNG terminal owner, reported annual increased consolidated turnover of €573.2 million ($638.3M) and more shipping traffic and truck-loadings as expansion plans progressed.

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Dutch liquefied natural gas fuel provider Rolande said it recently opened its 20th filling station for LNG as it expands in the Netherlands, Belgium and Germany.

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Italian natural gas network company and LNG importer SNAM reported a more than 8 percent increase in net profits as more natural gas was used in Italy and it benefited from foreign investments in the Trans-Adriatic Pipeline bringing gas from Azerbaijan and its stake in the Abu Dhabi’s pipelines system in the United Arab Emirates.

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Belgian company Fluxys, whose assets include the Zeebrugge LNG import terminal and a stake in Dunkirk LNG in France as well as the Trans-Adriatic Pipeline, has completed its purchase of minority stake 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 linking with neighbour Bolivia.

Fluxys said the completion of the equity transfer was made by its new partner in TBG, the US fund, EIG Global Energy Partners.

“The agreement with EIG is a solid fit with Fluxys’ strategy to develop outside Europe,” said the Belgium-based company.

“The work done by Fluxys and EIG has provided a sound basis for their continued cooperation,” it added.

“Fluxys looks forward to joining the Board of TBG in its efforts to move the company ahead in its development and has set up a branch in Rio de Janeiro for managing its partnership in TBG,” Fluxys stated.

The Fluxys infrastructure group employs 1,200 people in Europe in its growing gas transmission and storage and LNG terminal businesses.

Its associated companies across Europe operate 9,000km of pipelines and its assets import 29 billion cubic metres of regasified LNG.

It is also a shareholder in the Trans-Adriatic Pipeline, the 878-kilometres transportation system bringing Caspian natural gas from Azerbaijan to Greece and Albania, and via the Adriatic Sea to Italy.

The Belgian grid operator said the partnership with TBG was an important step in the roll-out of the Fluxys overseas growth strategy.

 

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