Fluxys
Encyclopedia
Fluxys is a Belgium
-based company
, mainly acting as a natural gas
operator. In 2004, it employed around 850 people and its infrastructure comprised about 3,700 km of pipelines
and a terminal in Zeebrugge
, Belgium. The company is listed on Euronext Brussels
market.
into two entities (the other entity has kept the name Distrigas). Suez held as much as 57.25% of Fluxys shares prior to its 2008 merger with Gaz de France to form GDF Suez
, but was obligated to reduce its stake to satisfy the concerns of the European Commissioner for Competition. GDF Suez still retains 44.75% of Fluxys as of July 2008.
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
-based company
Corporation
A corporation is created under the laws of a state as a separate legal entity that has privileges and liabilities that are distinct from those of its members. There are many different forms of corporations, most of which are used to conduct business. Early corporations were established by charter...
, mainly acting as a natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
operator. In 2004, it employed around 850 people and its infrastructure comprised about 3,700 km of pipelines
Pipeline transport
Pipeline transport is the transportation of goods through a pipe. Most commonly, liquids and gases are sent, but pneumatic tubes that transport solid capsules using compressed air are also used....
and a terminal in Zeebrugge
Zeebrugge
Zeebrugge is a village on the coast of Belgium and a subdivision of Bruges, for which it is the modern port. Zeebrugge serves as both the international port of Bruges-Zeebrugge and a seafront resort with hotels, cafés, a marina and a beach.-Location:...
, Belgium. The company is listed on Euronext Brussels
Euronext
Euronext N.V. is a pan-European stock exchange based in Amsterdam and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. In addition to equities and derivatives markets, the Euronext group provides clearing and information services...
market.
History
The company was created in 2001 from the breakup of DistrigasDistrigas
Distrigas is a natural gas company based in Belgium. It is a subsidiary of the Italian energy company Eni. In addition to Belgium, the company operates also in France, the Netherlands and Germany.-History:...
into two entities (the other entity has kept the name Distrigas). Suez held as much as 57.25% of Fluxys shares prior to its 2008 merger with Gaz de France to form GDF Suez
GDF Suez
GDF Suez S.A. is a French multinational energy company which operates in the fields of electricity generation and distribution, natural gas and renewable energy. The world's largest utility after taking control of Britain's International Power, the company was initially formed by the merger of Gaz...
, but was obligated to reduce its stake to satisfy the concerns of the European Commissioner for Competition. GDF Suez still retains 44.75% of Fluxys as of July 2008.