Belgian commercial and industrial energy storage exports to

What are the opportunities in the energy sector in Belgium?

Opportunities in those sectors are detailed below. Belgium has made progress in increasing competition in its electricity and natural gas markets. It has reduced the use of fossil fuels and increased the share of renewable energy. The country’s economy is also becoming less energy intensive.

How is the energy sector shaped in Belgium?

The energy sector in Belgium is shaped by the policies of its national and regional governments as well as the European Union. The monitoring of the electricity and natural gas market happens on three regional levels, the Brussels-capital region, the Flemish region, and the Walloon region.

Does Belgium have a gas storage facility?

Considering that annual gas consumption was 18.5 bcm in 2019, the gas storage facility can cover the equivalent of around 13 days of Belgium’s average gas demand. Short-term gas storage is also available at the Zeebrugge LNG terminal, which has a capacity of around 347 mcm of natural gas.

How does Belgium import natural gas?

Without domestic natural gas production, Belgium imports natural gas via cross-border pipelines, subsea pipelines, and Belgium’s only LNG terminal located in Zeebrugge. Natural gas net imports are mainly from the Netherlands and Norway. L-gas produced in the Netherlands account for roughly one-fifth of Belgium’s gas supply.