Spanish gas grid and LNG terminals operator Enagás reports fall in profits as strategic role in EU gas increases
Enagás, the Spanish natural gas grid and LNG terminals operator, said first-quarter net profits excluding one-time items dropped by 21 percent and revenues also fell even as LNG and pipeline gas delivers rose and 43 percent of the LNG stored in Europe during the quarter was in the tanks of the six Spanish regasification terminals.
Algerian energy company Sonatrach to invest $30Bln to help improve pipeline natural gas and LNG output
Sonatrach, the Algerian national energy company, plans to invest more than $30 billion in the exploration and production of hydrocarbons, notably natural gas, and to upgrade facilities to improve its position in global markets for LNG as well as pipeline gas for Europe.
Algeria says all pipeline gas and LNG obligations for Europe being met and Spanish flows set to increase
Algeria said it was fulfilling all its pipeline natural gas and LNG contract obligations to supply Europe and volumes would soon be raised for Spain from current levels as a pipeline expansion comes on stream.
Sonatrach ethics code
Sept 13 (LNGJ) - Sonatrach, the state-owned Algerian supplier of pipeline natural gas to Europe and LNG cargoes from its Arzew and Skikda export plants, has issued a new code of ethics to achieve more transparency.
“The Group's ethics are reflected first and foremost in our commitment to conduct our activities with integrity, transparency, fairness and excellence to enable our company to accomplish its mission in the service of the development and prosperity of the country,” stated Chief Executive Toufik Hakkar. “This code is the fruit of a collective reflection around the values and principles which should guide our behavior and inspire our decisions, in order to strengthen the confidence of stakeholders,” added Hakkar.
