The Fluxys LNG terminalling services cover receiving and unloading LNG carriers
in the Zeebrugge LNG terminal, buffer storage, regasification and injection
into the transport grid.
The amendments of 16 July 2001 to the Belgian federal Gas Act of 12 April 1965
and the Royal Decree of 15 April 2002 provide that the following LNG
terminalling services are to be offered at regulated tariffs:
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Receiving and unloading of LNG carriers |
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Basic storage |
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Flexibility storage |
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Send-out capacity |
The regulated tariffs are cost-based. Accordingly, the costs of Fluxys LNG are
allocated to the various services offered by the company.
In anticipation of the transposition of the 2nd European Gas Directive, an amendment
to the Belgian Gas Act was made on 12 August 2003. The amendment makes
it possible to apply multi-annual tariffs and a specifically calculated
fair profit margin for new infrastructure of national or European
interest if such a derogation is necessary for the long-term development
of this infrastructure. The amendment was implemented by the
Royal Decree of 15 December 2003.
The new legal and regulatory framework allows Fluxys LNG to switch to
multi-annual tariffs as from 2007, when the capacity enhancement project for
the Zeebrugge LNG terminal will have increased the annual throughput capacity
to about 9 billion m³(n) of natural gas.
Fluxys LNG submitted to CREG its proposal of multi-annual tariffs for the period
2007-2027 on 15 July 2004. A second draft of this tariff proposal was approved
by CREG on 30 September 2004.
The Royal Decree of 4 April 2003 on the Code of conduct covers a set of
operational and administrative directives for gas transmission system operators
and their service users. More info:
Full implementation of the Code of conduct implies a.o. the Main Conditions for
access to the Fluxys LNG terminal to be approved by federal regulator CREG and
published. Fluxys LNG submitted to CREG on 11 July 2003 its first draft of Main
Conditions. This first draft, a proposal with general principles that required
further elaboration, was rejected by CREG on 8 January 2004. Fluxys LNG
submitted to CREG a second draft on 23 March 2004. CREG approved on 13 May 2004
the larger part of this second draft. A third draft, submitted by Fluxys LNG in
early June, was approved by CREG as the definitive Main Conditions on 17 June
2004.
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