Fluxys LNG and Exmar examine project to build second jetty at Zeebrugge liquefied natural gas terminal

Fluxys LNG is to launch the detailed study into building a second jetty at the Zeebrugge liquefied natural gas terminal, the aim being to enable regasification ships to moor. For its part, Exmar is prepared to book long-term capacity with Fluxys LNG. The two companies have signed a Memorandum of Understanding setting out their agreement.

Pascal De Buck, Member of the Fluxys Executive Board and Commercial Director: “Enabling
reception of regasification ships would further strengthen the role of Zeebrugge as a crossroads for Western European natural gas flows and contribute to diversification of sources, security of supply and liquidity of the natural gas market. We expect twice as many
ships to unload at the terminal in the first half of 2009 compared to the first half of 2008. This is partly the result of the terminal’s first capacity enhancement last year. A second jetty again would serve as an attractor for additional LNG shipping traffic.”

Nicolas Saverys, CEO of Exmar: “Natural gas can be moved in any direction from Zeebrugge:
to the Zeebrugge Hub short-term market, to the Belgian market, to all neighbouring markets
and to markets further afield. This makes Zeebrugge an outstanding location for our regasification ships to unload. The flexibility of our regasification ships is a huge asset, enabling us to respond very quickly to market signals.”