LNG

Enagás, the Spanish natural gas network operator and LNG terminal owner, said its terminals unloaded 126 LNG cargoes in the first half of 2020, 12.5 percent more than in the same period of last year as gas demand in Spain begins to return to pre-Covid-19 levels.

Enagas, the Spanish gas network owner and LNG terminal operator, posted a more than 7 percent drop in first-quarter revenues as it reported progress on the Trans Adriatic Pipeline connecting Turkey with Italy via Greece and Albania and reflected on a US acquisition.

July 17 (LNGJ) - Enagas, the Spanish natural gas network and LNG terminal operator, posted a net profit for the first-half of 219.8 million euros ($258M), a slight rise of 1 percent on the same period of 2017. The company reported that demand for natural gas in Spain grew by 5.9 percent in the first six months of 2018. “This growth is mainly due to the positive evolution of conventional demand, which rose by 7.8 percent as the consequence of lower-than-normal temperatures at the start of the year,” said Enagas. During the first-half, Enagas noted that it invested the equivalent of $120M in the Trans-Adriatic Pipeline (TAP) in which it holds a 16 percent stake.

March 1 (LNGJ) - Enagas, the Spanish gas transmission network operator and owner of LNG import terminals, said demand for natural gas in Spain grew by 17 percent in February with colder weather causing domestic and commercial consumption to surge almost 34 percent compared with the same month last year. “Industrial demand registered an increase of 6.4 percent and continues to grow steadily, in line with the positive evolution of the economy,” said Enagas. Total demand in February reached 34,105 gigawatt hours. “Industrial demand, which represents more than 50 percent of total natural gas consumption, reached 17,266 GWh,” it added.