Additional LNG storage to meet demand
Fluxys LNG will launch a subscription window for unloading slots and additional storage services at the Port of Zeebrugge’s LNG terminal as demand for LNG increases.
Anticipated to be active in the second half of April, the subscription window is anticipated to be well utilised ahead of the IMO’s 2020 0.5% sulphur cap.
“The subscription window is a highly attractive opportunity for you to secure LNG terminalling capacity with an experienced capacity provider at a key strategic location providing optimum destination flexibility,” said Fluxys LNG, which has operated the Zeebrugge LNG terminal since 1987.
The terminal offers direct access to the Belgian market and is fully interconnected with the gas systems of all surrounding markets (TTF, Gaspool, NCG, TRF and NBP). Take-away capacity from the terminal is also available.
Fluxys LNG can unload and unload LNG carriers with capacities between 1.000 and 267.000 cubic metres simultaneously at two jetties at Zeebrugge.
Transshipment of LNG between ships is also provided for and the terminal serves as a hub for small-scale LNG (e.g. truckloading) as well.
Zeebrugge can store 386000 cubic metres of LNG. Additional storage capacity is designed for storing large quantities of LNG (36000 cubic metres), sold on a long-term basis up to October 2023. Basic storage, designed for 140000 cubic metres of unloaded LNG is also offered, alongside residual storage capacity designed for storing large quantities of LNG (30000 cubic metres) in the medium term, a month before service.
Transhipment storage capacity is sold on a long-term basis up to 2039. This is ideal for storing up to 180000 cubic metres of LNG for a few days before reloading this LNG onto another LNG carrier.
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.
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