openPR Logo
Press release

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

05-06-2009 12:50 PM CET | Logistics & Transport

Press release from: Exmar NV

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."

Exmar: pioneer in regasification ships Standard ships carrying liquefied natural gas (LNG) unload their cargo into storage tanks at a terminal. The LNG is then regasified and injected into the grid. Regasification ships also transport LNG, but they regasify it on board and then inject the gas directly into the grid. Exmar is a pioneer in this kind of ship and has three regasification ships in its fleet. Four other regasification ships are currently under construction and will be delivered by mid-2010. World first
Following the introduction of the service for loading LNG ships last year, the novelty of offering the possibility to receive regasification ships would once more extend the scope of services on offer at the terminal. Zeebrugge would also be the first LNG terminal in the world allowing both standard LNG ships and regasification ships to moor. The fact that Fluxys' ambitious investment programme anticipates a significant increase in downstream transmission capacity is an asset for the market as well.

Feasibility study to begin with
Reception of regasification ships at the terminal requires a second jetty in the LNG-dock as well as a pipeline and ancillary infrastructure allowing injection of natural gas into the Fluxys transmission network. In the first phase, Fluxys LNG – in close cooperation with the Brugge Port Authority (MBZ) and the proper government bodies – is to study the technical and economic feasibility of the project, the safety and nautical aspects, and other factors. Exmar will contribute its experience gained in other countries to the study.

Result of market consultation
The Memorandum of Understanding results from the market consultation launched by Fluxys LNG in late 2007 to assess the level of interest in additional capacity at the LNG terminal. Various LNG players – including Exmar - expressed their non-binding interest in additional capacity. Fluxys LNG is also in consultations with other interested customers. Since relatively little time is needed to implement facilities to receive regasification ships, Fluxys LNG is considering a multi-stage approach to the capacity enhancements that might follow from the market consultation. The infrastructure for receiving regasification ships could be developed in the first phase, with the other infrastructure following in a later phase.

EXMAR is a diversified and independent shipping group serving the international gas and oil industry. Apart from providing the ships for the transportation of these products, it also performs studies and undertakes the management of commercial, technical and administrative activities for the industry.

DMR House
8-10 Cleave Avenue,
Farnborough, Orpington
Kent BR6 7DR

Tel: +44 (0) 1689 860660
Fax: +44 (0) 1689 818285

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Fluxys LNG and Exmar examine project to build second jetty at Zeebrugge liquefied natural gas terminal here

News-ID: 78133 • Views: 1985

More Releases from Exmar NV

Exmar extraordinary shareholders’ meeting
The extraordinary shareholders’ meeting held today, 13th November 2009 has, subject to the approval of a prospectus by the CBFA and the signing of a hard underwriting agreement with the underwriting syndicate, decided to increase the share capital with a maximum of EUR 100 million by issuing new shares with VVPR strips. All existing shareholders will have the opportunity to participate in the transaction through the exercise of preferential rights. The
The Board of Directors of EXMAR has decided to propose to the shareholders to proceed with a capital increase of EUR 100 million. Saverex NV, the reference shareholder of EXMAR, will participate in the capital increase with an amount of EUR 50 million. Sofina SA will also participate in the transaction in accordance with its current shareholding in the company (approx. 1.3%). Sofina SA has confirmed a further support to
EXMAR Provisional results 2008
The Executive Committee of EXMAR reported today the preliminary results for the 4th quarter and full year 2008. HIGHLIGHTS Cash flow from Operations (EBITDA) and Operating Result (EBIT) influenced by disappointing VLGC market but supported by the sale of the Midsize LPG vessel CARLI BAY; - Contribution from LNG and Offshore divisions in line with expectations; - This year again, falling USD interest rates have had a significant influence on financial results thru non-cash,
EXMAR forms Alliance to Create Floating Liquefaction, Storage and Offloading Sol …
Partnership to provide broad-based solutions for developing gas markets Antwerp, November 05, 2008 – EXMAR today announced the formation of an alliance to advance its efforts in the development of floating liquefaction solutions. EXMAR has specifically formalised a relationship with its long-time LNG partner, Excelerate, and with Black & Veatch, a proven provider of natural gas processing and liquefaction technology. “The alliance of a proven liquefaction technology provider, an experienced LNG importer

All 5 Releases

More Releases for LNG

LNG Bunkering Market Key Players Polskie LNG, Eagle LNG, ENN Energy, EVOL LNG, F …
The LNG Bunkering Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the LNG Bunkering industry based on product segment, technology, end user segment and region. As per a recent news snippet, the Caribbean is one of the most lucrative regions for LNG bunkering market, as the shipping sector seeks compliance
LNG Bunkering Industry to surpass $12bn by 2024:ENGIE,Polskie LNG,Eagle LNG, ENN …
LNG Bunkering Market size is set to exceed USD 12 billion by 2024.Growing demand for cleaner fuel coupled with strict emission regulations to reduce the airborne emissions predominantly in North America and Europe will stimulate LNG bunkering market. In 2015, International Maritime Organization (IMO) introduced Tier III norms to curb NOx emissions from marine vessels among Emission Control Areas (ECAs) under maritime boundaries. Request for a sample copy of this
Global Liquefied Natural Gas (LNG) Market 2018-22 : LNG bunkering, progressing L …
ResearchMoz presents Professional and In-depth Study of "Global Liquefied Natural Gas (LNG) Market: Industry Analysis & Outlook (2018-2022)" with coming years Industries Trends, Projections of Global Growth, Major Key Player and Case Study, Review, Share, Size, Effect. ' ' Liquefied Natural Gas (LNG) is a liquid form of natural gas, which is composed mainly of methane and other gases such as Ethane, Propane, Butane and Nitrogen. LNG liquefaction is a procedure
Floating LNG Market Forecast 2017-2022 Hegh LNG, Excelerate Energy, Royal Dutch …
Floating LNG Market Research 2017 A market study ” Global Floating LNG Market ” will help you understand, formulate and implement strategic decisions by offering critical data, insights and analysis from technology as well as commercial perspective on the Floating LNG market. It encloses an in-depth Research of the Floating LNG market state and the competitive landscape globally. This report consist of comprehensive market data, on a granular level, providing a
Floating LNG Global Market Outlook 2017-2022 Excelerate Energy, Golar LNG, Hegh …
Floating LNG Market Research Report A market study ” Global Floating LNG Market ” examines the performance of the Floating LNG market Size 2017. It encloses an in-depth Research of the Floating LNG market state and the competitive landscape globally. This report analyzes the potential of Floating LNG market in the present and the future prospects from various angles in detail. Request For Sample Report: The Global Floating LNG Market 2017
Japan LNG Demand Forecast 2016
The natural gas production is very limited in Japan as compared to the consumption rate. The production of natural gas in Japan is mainly associated with the companies named International Petroleum Exploration Corporation (INPEX), JAPEX, Mitsubishi, Mitsui, Nippon Oil. Other Japanese oil and gas companies are actively involved in domestic and international natural gas exploration and production. The natural gas is mostly consumed by power sector, residential/commercial sector and industrial