BAKU, Azerbaijan, March 31. The Fluxys Belgium group generated consolidated turnover of €573.2 million in 2021, which represents an increase of €12.6 million compared with 2020, when turnover stood at €560.6 million, Trend reports with reference to the company.
“Consolidated net profit rose from €73.2 million in 2020 to €75.5 million in 2021. The increase in turnover and net profit is mainly due to the development of the components to be covered by the regulated tariffs. This change is in line with the tariff proposal and complies with the tariff methodology for 2020-2023 and is therefore not due to the rise in energy prices. As an energy infrastructure company we do not earn any revenue from trading the molecules we transport,” the company said.
In 2021, investments in property, plant and equipment totalled €50.6 million, compared with €42.3 million in 2020. In 2021, €32.6 million was spent on transmission projects and €17.4 million on LNG infrastructure projects.
Thanks to its energy transition strategy, Fluxys Belgium is ready to sustainably use its infrastructure as a tool to help shape a carbon-neutral society.
“Taking into account the necessary legal and regulatory changes, we want to transform and develop our infrastructure into complementary networks in which we also transport hydrogen and CO2, for example. In doing so, we are working fully in line with the hydrogen strategies of the European Commission and the Belgian federal government as well as the climate approach at regional level,” the company said.
---
Follow the author on Twitter: @Lyaman_Zeyn
