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Fluxys Belgium reports revenue and profit growth in 2024

Oil&GasMaterials28 March 2025 12:14 (UTC +04:00)
Laman Zeynalova
Laman Zeynalova
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BAKU, Azerbaijan, March 28. Fluxys Belgiumrecorded a consolidated turnover of EUR 608.8 million in 2024,marking an increase of EUR 16 million compared to EUR 592.8 millionin 2023, Trend reports via the company.

The company attributed this growth to the 2024-2027 tariffmethodology.

The consolidated net profit rose from EUR 77.4 million in 2023to EUR 82.1 million in 2024, reflecting a EUR 4.7 millionincrease.

In 2024, investments in property, plant, and equipment amountedto EUR 92.1 million, significantly lower than EUR 167.7 million in2023.

Key investment areas included EUR 4.6 million for LNGinfrastructure, EUR 3.6 million for storage-related projects, andEUR 83.9 million for transmission projects. Notably, EUR 10.3million was allocated to the Desteldonk-Opwijk pipeline, which isdesigned to transport hydrogen once market conditions allow.

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