BAKU, Azerbaijan, Sept.30
By Leman Zeynalova - Trend:
In the first half of 2021, investments of Fluxys Belgium in property, plant and equipment amounted to €15.8 million, compared with €17.1 million in the first half of 2020, Trend reports with reference to the company.
Reportedly, €4.2 million of these investments went to LNG infrastructure projects and €11.5 million to transmission projects
Fluxys Belgium said it is ready to sustainably use its infrastructure as a tool to help shape a carbon-neutral society.
“In line with the European Commission's strategy and 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. We have been further shaping our plan to provide Belgium with the necessary hydrogen and CO2 infrastructure since early 2021, in collaboration with our customers, public authorities, neighbouring operators abroad, distribution system operators and other stakeholders. We intend to gradually transform the network, taking into account the evolutions on the market. At the same time, we are laying the foundations for Belgium's lasting role as an energy hub in North-West Europe for the molecules of the future,” said the company.
Based on the extensive response from the market, including some 170 industrial sites in Belgium, Fluxys Belgium is in contact with the range of market parties involved in the process.
“This will give us an aggregated picture of needs regarding hydrogen and CO2, allowing us to determine where and when infrastructure is needed to foster the necessary synergies for industry to realise an integrated transition. We will then offer the mapped infrastructure to the market in a transparent open season approach.”
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