Spain’s grid and LNG terminals operator Enagás reports profit fall amid plunge in demand for gas-fired power
Enagás, the Spanish natural gas operator of six large LNG terminals and with gas assets in other European countries and overseas, reported a fall in net profits as Spanish gas and power demand dropped, offset by a one-time gain from the sale of a stake in a gas pipeline in Mexico.
Spanish grid and regas terminals operator Enagás gives robust overview of LNG and pipeline gas markets
Enagás, the Spanish gas grid and LNG terminals operator as well as a shareholder in the Trans-Adriatic Pipeline (TAP), said the US was its main liquefied natural gas supplier in the first quarter followed by Algeria and Nigeria as LNG deliveries increased substantially and European Union gas supplies became tight.
Qatargas Q-Max carrier makes the largest multi-port deliveries from single cargo of LNG
As the Qatari Q-Flex liquefied natural gas carrier “Al Safliyah”, the largest LNG vessel to transit the expanded Panama Canal, is scheduled to arrive at a European port on June 12 with a US cargo in a notable three-continent trading voyage, Qatargas has given details of another shipping first related to Spanish cargo deliveries.
