LNG

March 13 (LNGJ) - RWE, the German utility and energy company, posted adjusted annual earnings of 5.8 billion euros ($7.15Bln) compared with 5.4Bln euros in the previous year, a rise of 7.3 percent. Profits were boosted by its European Power division and a higher earnings contribution from energy trading. RWE pledged to increase its presence in the liquefied natural gas market. “In terms of generation capacity, gas is already RWE’s main source of energy, with a share of around 40 percent, making the company one of the leading competitors in Europe. Additional growth is targeted in energy trading, in particular in the LNG business,” stated RWE.