LNG

July 17 (LNGJ) - Enagas, the Spanish natural gas network and LNG terminal operator, posted a net profit for the first-half of 219.8 million euros ($258M), a slight rise of 1 percent on the same period of 2017. The company reported that demand for natural gas in Spain grew by 5.9 percent in the first six months of 2018. “This growth is mainly due to the positive evolution of conventional demand, which rose by 7.8 percent as the consequence of lower-than-normal temperatures at the start of the year,” said Enagas. During the first-half, Enagas noted that it invested the equivalent of $120M in the Trans-Adriatic Pipeline (TAP) in which it holds a 16 percent stake.