LNG

Oct 6 (LNGJ) - Stolt-Nielsen, the Norwegian tanker and storage company, posted third-quarter net profits of $22.2 million from revenues of just over $474M compared with profit of $37.8M from revenues of $478.9M in the previous three months. Company Chief Executive Niels G. Stolt-Nielsen described the results as “mixed”, with the earnings of Stolt Tankers held down by weak summer demand. As for its LNG subsidiary, Stolt-Nielsen Gas, it will continue “to pursue its plans to develop small-scale LNG storage and distribution supply chains to serve stranded demand in locations lacking access to pipelines such as Sardinia in Italy.”