LNG

E.ON, Europe's biggest operator of energy networks and with plans to enter the LNG import business in September with a floating storage and regasification unit delivered to the North Sea port of Wilhelmshaven, reported an increase in annual net income while also writing off its Nord Stream gas pipeline stake.

The German Federal Ministry of Economics has rejected claims that the natural gas reserves for the coming winter were bought at too high a price as the nation prepares to become an LNG importer with expectations of the first facility coming on stream in 2023.