LNG

Feb 20 (LNGJ) - Enagas, the Spanish natural gas transmission company that controls most of the nation’s LNG import terminals and has other assets in South America and elsewhere, posted net profits of 490.8 million euros ($606.4M) in 2017. The profits were 17.6 percent higher than in the previous year because of the full integration of its increased stake in the Chilean LNG import terminal company, GNL Quintero. Enagas said its earnings performance was helped by the third consecutive year of increased natural gas demand in Spain, reaching 351 terawatt hours in 2017.