Fluxys is a Belgium-based company, mainly acting as a
natural gas
Natural gas (also fossil gas, methane gas, and gas) is a naturally occurring compound of gaseous hydrocarbons, primarily methane (95%), small amounts of higher alkanes, and traces of carbon dioxide and nitrogen, hydrogen sulfide and helium ...
transmission system operator. In 2004, it employed around 850 people and its infrastructure comprised about of
pipelines
A pipeline is a system of pipes for long-distance transportation of a liquid or gas, typically to a market area for consumption. The latest data from 2014 gives a total of slightly less than of pipeline in 120 countries around the world. The Un ...
and a terminal in
Zeebrugge
Zeebrugge (; from , meaning "Bruges-on-Sea"; , ) is a village on the coast of Belgium and a subdivision of Bruges, for which it is the modern port. Zeebrugge serves as both the international port of Bruges-Zeebrugge and a seafront resort with ...
, 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
Suez (, , , ) is a Port#Seaport, seaport city with a population of about 800,000 in north-eastern Egypt, located on the north coast of the Gulf of Suez on the Red Sea, near the southern terminus of the Suez Canal. It is the capital and largest c ...
held as much as 57.25% of Fluxys shares prior to its 2008 merger with
Gaz de France to form GDF Suez (now
Engie
Engie SA (stylised in all caps as ENGIE) is a French multinational electric utility company, headquartered in La Défense, Courbevoie. Its activities cover electricity generation and distribution, natural gas, nuclear power, renewable energy ...
), but was obligated to reduce its stake to satisfy the concerns of the
European Commissioner for Competition
The Commissioner for Competition is the member of the European Commission responsible for Competition (economics), competition. The current commissioner is Teresa Ribera (Spanish Socialist Workers' Party).
Responsibilities
The portfolio has r ...
. Engie still retains 44.75% of Fluxys as of July 2008.
As of 7 April 2014, when ice precludes the
LNG shipments from
Yamal LNG at
Sabetta along the
Northern Sea Route
The Northern Sea Route (NSR) (, shortened to Севморпуть, ''Sevmorput'') is a shipping route about long. The Northern Sea Route (NSR) is the shortest shipping route between the western part of Eurasia and the Asia-Pacific region.
Ad ...
, the Fluxys terminal at Zeebrugge will serve Russia as its LNG port for the
Asia-Pacific region.
included Fluxys in the list of
International Sponsors of War
International Sponsors of War () was a publicly-available list of companies and individuals maintained by the Ukrainian National Agency on Corruption Prevention (NACP) in connection with the Russo-Ukrainian War, particularly the Russian invasion of ...
in November 2023
because the company was promoting the export of Russian LNG using the Fluxys terminal facilities.
See also
*
2004 explosions in Ghislenghien
References
External links
*{{official website, www.fluxys.com
Oil and gas companies of Belgium
Companies based in Brussels
Natural gas pipeline companies
Companies in the BEL Mid Index
Engie
Companies listed on Euronext Brussels