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Zeebrugge LNG terminal set to secure new long-term commitments until 2044

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LNG Industry,

The Belgian federal energy regulator CREG has approved the tariff and LNG services agreement proposals for unloading slots and additional storage services at the Zeebrugge LNG terminal.

This approval clears the way for Fluxys LNG to finalise new long-term contracts for the facility up to 2044.

Pascal De Buck, CEO and Chairman of the Executive Board Fluxys Belgium: “Today is a milestone for Fluxys Belgium as we will secure stable return from the Zeebrugge LNG terminal up to 2044. CREG’s approval allows us to turn binding interest from the market into new long-term contracts worth roughly €1 billion.”

Laurent Jacquet, Director of the CREG: “Tariffs will see a marked decrease for all terminal users who unload and store LNG, and inject natural gas into the transmission system. Through the new tariffs, CREG has established a solid and stable framework for regulatory supervision in the future. These favourable conditions consolidate Zeebrugge's position as an access point for LNG deliveries to Europe.”

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