Fluxys
| Company type | Public |
|---|---|
| Industry | Natural gas transmission |
| Founded | 2001 |
| Headquarters | Brussels , Belgium |
| Products | Natural gas transmission, LNG terminal operations |
Number of employees | 850 (2004) |
Fluxys is a company headquartered in Belgium that functions mainly as a natural gas transmission system operator. In 2004, its workforce numbered about 850 employees, overseeing roughly of pipeline infrastructure and operating a terminal located in Zeebrugge, Belgium. The firm’s shares are publicly available on the Euronext Brussels stock exchange.
History
The company was founded in 2001 following the division of Distrigas into two separate entities, with one continuing under the Distrigas name. Initially, Suez held a majority stake of 57.25% in Fluxys. After Suez merged with Gaz de France to create GDF Suez (currently known as Engie) in 2008, European antitrust rules mandated a reduction of its ownership. By July 2008, Engie’s share in Fluxys had decreased to 44.75%.
Starting in April 2014, due to ice conditions limiting LNG deliveries from Yamal LNG at Sabetta through the Northern Sea Route, the Zeebrugge terminal operated by Fluxys became the primary transshipment hub for Russian LNG destined for the Asia-Pacific region.
In November 2023, the Ukrainian National Agency on Corruption Prevention identified Fluxys as one of the International Sponsors of War because of its involvement in enabling Russian LNG exports via its terminal operations.