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.
Adriatic LNG, the operator of the largest of three Italian regasification terminals, said it would launch the open season bidding at the end of May 2022 to allocate the regasification capacity available from the end of 2022 to 2047.
Glencore, the UK-listed commodities and mining company, has agreed to take over a loss-making liquefied natural gas business from Danish energy company Orsted, including long-term capacity at the Dutch Gate regasification terminal in Rotterdam.
A US Energy Department statement to the Senate has highlighted deficiencies in the European Union LNG network that could hamper the free flow at market prices of exports from the Gulf Coast and other US regions.