Fluxys Belgium, operator of the Zeebrugge LNG terminal, said its turnover totalled €399.7 million as of late September 2014, compared to €403.5 million1 for the same period in 2013, a decrease of €3.8 million or 0.9%.
The turnover for regulated activities was slightly down compared with the first nine months of 2013 owing to fewer short-term sales opportunities and the impact of lower OLO interest rates on tariff settlements, the company said in a statement.
Investments worth €55.8 million made between January and September 2014
In 2014, the budget for planned investments in infrastructures amounts to €95 million. As of end September 2014, investment expenditure totaled approximately €55.8 million. The largest projects are:
Changes to the composition of corporate bodies
On the Board of Directors, Eric Lachance and Renaud Moens have been co-opted as Directors effective as of 24 September. Their definitive appointment is on the agenda for the next general meeting.
Fluxys Belgium’s Board of Directors has decided that, as of 1 January 2015, Pascal De Buck will succeed Walter Peeraer as the new Chairman of the Executive Board, the company’s executive body. Pascal De Buck will take on the role of Chief Executive Officer of the company. He is currently member of the Executive Board and General Director Commercial of Fluxys Belgium, and he is also Director Business Development & Strategy at Group level.
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Press Release; Image: Fluxys