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4-Traders Homepage  >  Equities  >  Euronext Bruxelles  >  Fluxys SA    DIST   BE0003803203

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FLUXYS CAT.D : Alliance of European TSOs to push European Capacity Platform

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04/18/2012 | 02:52pm CET

2012-04-18

Amsterdam - Sixteen major European Transmission System Operators (TSOs) have taken the initiative to bundle their efforts and wide experience in the field of capacity booking platforms to move towards a joint European capacity platform. The alliance is formed by network operators from Belgium, Denmark, France, Germany and the Netherlands. At the FLAME conference high-ranking representatives of the initiative today signed a Memorandum of Understanding defining the shape of this new capacity platform to meet future European Market rules. These are described in the Capacity Allocation Mechanism Network Code (CAM NC) which is currently being finalized at EU level.



Ulrich Ronnacker (Open Grid Europe GmbH), Johnny Thomas Holst (Energinet.dk), Annie Krist (Gas Transport Services B.V.), Pierre-Laurant Lucille (GRTgaz S.A.), Paul Tummers (Fluxys SA)

"Our alliance to deliver a joint capacity platform is a major step towards an integrated European gas market as intended by the European Third Energy Package", the participating TSOs announced today. "The new initiative links gas markets in five different countries in the core of Europe. Thus, it opens new possibilities for cross-border gas transport to shippers, who will be able to book capacities at European network points through one single tool."

Günther Oettinger, European Commissioner for Energy: "This is a very promising step towards a single European internal gas market. The auctioning of bundled capacity is a key aspect of the network code, and I am pleased to see TSOs committed to making this work".

The aim is to make the platform operational by April 2013. It will be able to handle different capacity products, offer auction mechanisms and serve different TSO backend systems. The platform will also have a secondary market function.

The initiative bundles the existing platform activities of all participating TSOs. Their comprehensive know-how covers the operation of four existing platforms in Europe: Capsquare, Eucabo, Link4Hubs as well as TRAC-X.

The partners of the joint capacity platform are:

Press contact

Rudy Van Beurden
Tel.: +32 2 282 72 30
Fax: +32 2 282 79 43
E-mail: rudy.vanbeurden@fluxys.com



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Financials (€)
Sales 2016 492 M
EBIT 2016 115 M
Net income 2016 -
Debt 2016 1 426 M
Yield 2016 3,64%
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 3,52x
EV / Sales 2017 3,34x
Capitalization 307 M
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Consensus 
Mean consensus HOLD
Number of Analysts 1
Average target price 26,0 €
Spread / Average Target -0,48%
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Managers
NameTitle
Pascal de Buck Chief Executive Officer
Daniël Termont Chairman
Paul Tummers Chief Financial Officer
Peter Verhaeghe Chief Technical Officer
Luc Hujoel Non-Executive Director
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