In the second half of April, Belgium-based Fluxys LNG said it intends to launch a subscription window for unloading slots and additional storage services at the Zeebrugge LNG terminal.
In a statement, the company said the “subscription window is a highly attractive opportunity for LNG shipping companies to secure LNG terminal capacity with an experienced capacity provider at a key strategic location providing optimum destination flexibility.”
Fluxys LNG is 77.54% owned by Publigas, the Belgium municipal holding company for natural gas, 19.91% by Caisse de depot et placement du Quebec, a Canadian financial investor, 2.13% by Federal Holding and Investment, on behalf of a Belgian government, and 0.42% by management and employees.
While gas production in the Netherlands and the North Sea is declining, gas demand for power generation will increase in northwest Europe due to stricter emissions standards, climate change targets and the phase-out of coal, lignite and nuclear power generation capacity in the region. With natural gas imports on the rise in northwest Europe, capacity at the Zeebrugge LNG terminal is highly attractive, according to Fluxys LNG.
Zeebrugge LNG Terminal offers direct access to the Belgian market, is fully interconnected with the gas systems of all surrounding markets (TTF, Gaspool, NCG, TRF and NBP) and take-away capacity from the terminal is available.
The Zeebrugge terminal is flexible, accommodating LNG carriers with capacities between 1,000 and 267,000 m3, transhipment of LNG between ships and serves as a hub for small-scale LNG. Storage tanks with a capacity of 9Bn m3 LNG per year are available at the port.
The Port of Zeebrugge is connected to Norwegian gas fields via the Gassco Zeepipe pipeline and to the UK via the Interconnector. The LNG is mainly supplied by LNG carriers from Qatar before being processed and supplied to the Belgian market or consumer markets in the European Union.