BAKU, Azerbaijan, March 29. In 2023, investments in property, plant, and equipment by Fluxys Belgium reached EUR 167.7 million, compared to EUR 105.5 million in 2022, Trend reports via the company.
This allocation included EUR 50.4 million for LNG infrastructure projects, EUR 9.1 million for storage-related initiatives, and EUR 106.3 million for transmission-related endeavors.
Notably, EUR 51.3 million was designated for the Desteldonk-Opwijk pipeline, poised for hydrogen transportation upon market readiness.
Headquartered in Belgium, Fluxys is an independent infrastructure group with 1,300 employees specializing in gas transmission & storage and liquefied natural gas terminalling.
The company operates a vast network of 28,000 km of pipelines spanning Europe, Latin America, and the Middle East.
Fluxys oversees liquefied natural gas terminals in Belgium, France, Greece, and Chile, boasting a total annual regasification capacity of 380 TWh. Additionally, the company manages natural gas storage at its underground facility in Loenhout, Belgium, reinforcing its pivotal role in energy infrastructure management.
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