Gas Natural Fenosa profits rise with LNG volumes from US and Russia and utility growth
Gas Natural Fenosa, the Spanish utility with liquefied natural gas contracts at the US Sabine Pass facility and Russia’s Yamal LNG as well as businesses such as the Maghreb-Europe gas pipeline and gas distribution in five Latin American countries, posted a first-quarter jump in revenues and net income.
Spain imported five fewer LNG cargoes during December as 20 shipments are unloaded
Spanish net LNG imports declined in December compared with a year ago as 20 shipments were unloaded from a range of nations including Algeria, Peru, Nigeria, Norway and Qatar.
Enagas profits increase
Oct 17 (LNGJ) - Enagas, the Spanish LNG terminal and natural gas transmission network owner, posted a net profit of 322.5 million euros ($380M) for the first nine months, a rise of 1.6 percent compared with 2016. The company said natural gas demand in Spain rose by 9.3 percent in the year to September. “This increase was driven by continued growth in demand from the industrial sector, which represents 60 percent of total demand for natural gas,” said Enagas.
