LNG

July 15 (LNGJ) - Gazprom, the main pipeline gas competitor to LNG in Europe and China, said first-quarter gas sales revenues dropped by 24 percent to 1.73 trillion roubles ($24.52 billion) compared with 2.29 trillion roubles ($32.3Bln) in the same period in 2019. The company reported a first-quarter net loss of 116 billion roubles ($1.64 Bln), compared with a net profit of 536Bln roubles ($7.5Bln) in the 2019 first quarter.

   Overall natural gas sales dropped by 13 percent to 138.1 billion cubic metres from 158.9 Bcm in the 2019 first quarter. Gazprom said pipeline gas sales to Europe and China dropped to 51.6 Bcm in the first quarter from 62.4 Bcm in the same three months of 2019.