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Belgian regulator approves tariffs for Zeebrugge LNG terminal

July 1, 2019

Belgian regulator approves tariffs for Zeebrugge LNG terminal

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.

The new long-term contracts for unloading at the Zeebrugge LNG terminal expire in 2028. During a subscription window held from April 30 to May 24, 2019, unloading slots and additional storage services at the Zeebrugge LNG terminal were offered over subsequent periods up to 2044.

Fluxys said that the subscription window revealed binding interest from the market for the entire unloading capacity at the facility up to 2044.

As market interest proved positive, the accompanying tariff proposal and LNG services agreement proposal for the requested services were submitted to CREG, who has approved both regulatory documents.

The new tariffs for unloading slots and additional storage will take effect 10 days after notification of the decision of CREG and new long-term contracts will now be concluded from the binding commitments made through the subscription window

Edited from Fluxys press release.