Fluxys

Fluxys is a Belgium-based company, mainly acting as a natural gas transmission system operator. In 2004, it employed around 850 people and its infrastructure comprised about 3,700 km (2,300 mi) of pipelines and a terminal in Zeebrugge, Belgium. The company is listed on Euronext Brussels market.

Fluxys Belgium SA
TypePublic
Euronext Brussels: FlUX
ISINBE0974265945
IndustryOil and gas
Headquarters
Brussels
,
Belgium
Key people
Pascal De Buck (CEO)[1]
ServicesNatural gas transmission
Websitewww.fluxys.com

History

The company was created in 2001 from the breakup of Distrigas into two entities (the other entity has kept the name Distrigas). Suez held as much as 57.25% of Fluxys shares prior to its 2008 merger with Gaz de France to form GDF Suez (now Engie), but was obligated to reduce its stake to satisfy the concerns of the European Commissioner for Competition. Engie still retains 44.75% of Fluxys as of July 2008.[2]

As of 7 April 2014, when ice precludes the LNG shipments from Yamal LNG at Sabetta along the Northern Sea Route, the Fluxys terminal at Zeebrugge will serve Russia as its LNG port for the Asia-Pacific region.[3]

See also

References
  1. "Fluxys heeft nieuwe CEO" [Fluxys has new CEO]. De Tijd (in Dutch). December 31, 2015.
  2. "Suez sells 12.5 pct stake in Fluxys to UK fund Ecofin Ltd for 228 mln euros". Forbes. AFX News. 4 July 2008. Archived from the original on 4 June 2011. Retrieved 2008-07-22.
  3. News Service (7 April 2014). "Главный газовый проект на Ямале расширяет навигацию. Он получит перевалочную базу в Европе" [The main gas project in Yamal is expanding navigation. It will receive a transshipment base in Europe]. Znak.com (in Russian). Retrieved 4 January 2020.

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