Fluxys Belgium: results for the first half of 2019


Regulated information: information on key events in the first half of 2019 and their impact on the financial situation of Fluxys Belgium 

  • Regulated turnover up to €260.0 million (compared with €250.1 million in the first half of 2018)
  • Net profit up to €31.4 million (compared with €24.3 million in the first half of 2018): expansion investments in LNG terminalling increase return, but rise offset by a drop in the OLO reference interest rate
  • €45.2 million in investments, mainly in the fifth storage tank at the Zeebrugge LNG terminal
  • Record activity levels at the Zeebrugge LNG terminal and a new long-term contract for unloading LNG carriers
  • Transmission tariffs for 2020-2023 to decrease
  • Practical steps to bring the energy transition forward: results as of today with natural gas while fully targeting green gas as well 
  • Objective of reducing our own greenhouse gas emissions by 50% by 2025: Fluxys Belgium switches to green gas for heating its buildings 

Click on the link below to access the full press release

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Attachments

Fluxys Belgium press release - Results for the first half of 2019