LNG

July 2 (LNGJ) - Belgian LNG operator Fluxys completed the subscription window for the Zeebrugge terminal from June 10 to July 1 by offering 24 additional long-term regasification slots for the period of 2027 to 2044. “The outcome of the subscription window was positive with all offered capacity subscribed on the long term,” said Fluxys.

   “In the context of the modified gas flows in Europe, Fluxys LNG has dedicated the past few years to optimising the utilisation of its infrastructure in Zeebrugge and to enhancing the scheduling of vessels by offering additional short-term capacity on top of the existing long-term base capacity of the LNG terminal,” the company added.

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.

With five liquefied natural gas import terminals in operation, France has now assumed the role of a leading regasified LNG supplier to the European Union, especially Germany and other neighbours, as gas from Russia’s Gazprom has been easily replaced with increasing gas flows from West to East in the EU.

March 1 (LNGJ) - Fluxys Belgium and Fluxys LNG have reached agreement with the Belgian Federal Commission for Electricity and Gas Regulation (CREG) to propose to the market some adjustments to the tariff methodology. “In an environment characterised by high inflation and volatile and rising interest rates, these adjustments will allow Fluxys Belgium's margin to reach a fair level for the period 2024-2027,” said Fluxys.

   Fluxys Belgium and the regulator have agreed on certain changes they wish to make to the tariff methodology for the natural gas transmission system, the natural gas storage facility and the LNG terminal at Zeebrugge for the regulatory period 2024-2027. “They believe that these changes are necessary to guarantee the system operators a fair return on the capital invested in the regulated assets, and to enable them to make necessary investments,” the statement added.

Fluxys of Belgium and its subsidiary Fluxys LNG said they were seeking market interest for importing low-carbon gases to the LNG terminal at the Port of Zeebrugge.

Fluxys Belgium, the national gas grid company and operator of the Zeebrugge LNG import terminal, increased regulated revenues while net profits fell and said its infrastructure was used particularly intensively by customers to support security of supply in Germany and the Netherlands.

July 24 (LNGJ) - Belgium is scheduled to receive two LNG deliveries from Qatar in the next week. The carrier “Al Marrouna” with 149,500 cubic metres capacity is due to berth at the Zeebrugge terminal on July 27 with a shipment lifted on July 8 from the Ras Laffan complex in Qatar. The second delivery is onboard the “Al Khor” vessel with 135,300 cubic metres capacity. The ship will discharge the cargo on July 30 at the Belgian port after it was lifted in Qatar on July 12, according the shipping data.

An important logistical link in Russian liquefied natural gas trading, a huge floating storage unit called “Saam FSU”, was heading past the Norwegian coast on June 20 for its destination port of Murmansk.

Hanseatic Energy Hub GmbH has chosen the leading Spanish liquefied natural gas terminal owner and gas grid operator Enagás as an industrial partner for the operation of the future onshore LNG terminal planned for the lower Elbe River in northern Germany.

Enagás, the Spanish gas grid and LNG terminals operator, has acquired the Reganosa gas pipeline network in Northern Spain while Reganosa is becoming a 25 percent shareholder in the El Musel regasification and import terminal on the Bay of Biscay previously 100-percent owned by Enagás.