Company:Fluxys

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Short description: European natural gas pipeline company
Fluxys Belgium SA
TypePublic
Template:EuronextBrussels
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=BE0974265945 BE0974265945]
IndustryOil and gas
Headquarters
Brussels
,
Belgium
Key people
Pascal De Buck (CEO)[1]
ServicesNatural gas transmission
Websitewww.fluxys.com

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.

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]

Ukrainian National Agency on Corruption Prevention included Fluxys in the list of International Sponsors of War in November 2023[4] because the company was promoting the export of Russian LNG using the Fluxys terminal facilities.

See also

  • 2004 explosions in Ghislenghien

References

External links