LNG

April 27 (LNGJ) - Italian energy company Eni said its adjusted first-quarter net profits increased by more than 30 percent and its LNG sales in the period amounted to 2.17 million tonnes, up from 2.00MT in the same three months of last year. Its oil and gas operations recorded a profit of 978 million euros ($1.18 billion) compared with 744M euros in the same quarter last year. “Eni achieved excellent economic and financial results, over and above the rising price of oil,” said Claudio Descalzi, Eni Chief Executive. “As the Brent price in euros rose 8 percent relative to the first quarter of 2017, Eni’s adjusted operating profit increased by 30 percent,” the CEO added. Natural gas sales were 22.44 billion cubic metres, down by 3.6 percent from the first quarter of 2017. Its sales in Italy rose by 7.8 percent to 11.19 Bcm, due to higher spot sales, though fell in some European countries like Germany.