LNG

Feb 14 (LNGJ) - Royal Vopak, the Dutch global storage company, reported higher annual and fourth-quarter net profits and revenues amid progress on liquefied natural gas projects. Vopak posted revenues for 2023 of €1.42 billion ($1.57Bln) compared with €1.36Bln in 2022. “We expanded our open-access LNG capacity in the Netherlands to support energy security, strengthened our leading position in India and solidified our leading industrial terminal position with investments,” Vopak said.

   Excluding exceptional items, Vopak reported annual net profits of €412.9 million compared with €294.4M in the previous year and fourth-quarter net profits came to €105 million versus €88.5M in the same three months of 2022. “Growth across most of the business units led to a healthy proportional occupancy of 91 percent and Ebitda of €964M which is a record result for Vopak leading to a 9 percent year-on-year increase,” said Chairman and Chief Executive Dick Richelle. “We successfully completed the divestment of three chemical terminals in Rotterdam and a chemical distribution terminal in Savannah in the United States. We continued to grow our base in industrial and gas terminals with expansion in China, the US, India and the Netherlands,” Richelle added.

Royal Vopak, the Dutch global storage company and LNG sector participant, reported higher net profits and revenues for the second quarter as it enacted a mixture of projects reflecting energy market developments.

Royal Vopak of the Netherlands, the world’s leading independent tank storage company and a leading liquefied natural gas terminals shareholder, posted higher first-quarter net profits and revenues as it continued to develop European Union LNG infrastructure and expanded energy joint ventures in Canada and India.

Nov 11 (LNGJ) – Royal Vopak, the Dutch storage company and shareholder in the Gate LNG import terminal in Rotterdam, reported a growing footprint in industrial terminals in China and increased send-out capacity at Gate LNG.

   Vopak posted net profits of €80.5 million ($81.1M) versus €71.2M in the same three months of 2021. Gross earnings in the quarter came to €227.4M compared with €257.3M in the 2021 quarter. Revenues rose to €349.6M from €309.5M in the prior-year quarter. “Our strong third-quarter performance demonstrates that our well diversified infrastructure portfolio uniquely positions Vopak to serve our customers amidst highly uncertain times,” said Chief Executive Dick Richelle.

Royal Vopak, the Netherlands-based global storage company with four stakes in liquefied natural gas terminals and a new LNG import project for Hong Kong, reported a 7 percent increase in earnings to €827 million ($940M) from €780M in the previous year as soft business conditions persisted in energy storage.