Fluxys is a Belgium-based company, mainly acting as a natural gas operator. In 2004, it employed around 850 people and its infrastructure comprised about 3,700 km of pipelines and a terminal in Zeebrugge, Belgium. The company is listed on the EuronextBrussels market.
History
The company was created in 2001 from the breakup of Distrigaz into two entities (the other entity has kept the name Distrigaz). Tractebel owns about 40 % of Fluxys' shares, making Fluxys a subsidiary of the Suez Group.
Fluxys LNG is still to submit to the regulator its formal tariff proposal that will be coherent with established tariff guidelines and reflect active competition between European LNG terminals and between LNG and pipe gas.
Fluxys LNG is to invest 165 million in the project and expects it to positively impact its results as from 2008.
Fluxys LNG expects all permits to be obtained by the end of September 2004 at the latest and preparatory works on the terminal site could start as early as August 2004.
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