Enagas Q1 net profit slightly up

Spanish LNG terminal operator Enagás posted a net profit of 101 million euros (US$114.5 million) in the first quarter of this year, up 0.5 percent as compared to the same period a year ago.

This increase was mainly due to the contribution of stakes acquired in 2015, Enagás said in its report on Tuesday.

At the end of the quarter, Enagás’ net borrowing totalled 4.15 billion euros and financial resources stood at 2.33 billion.

Spanish gas demand

According to Enagás, the demand for natural gas in Spain for domestic, commercial and industrial consumption rose by 1 percent in the quarter against the same period in 2015. The main reason for this increase was the 1.8% growth in demand for gas in

The main reason for this increase was the 1.8 percent growth in industrial gas demand.

Spanish natural gas demand reached a total of 91.9 TWh over the first three months of the year, Enagás said.

1 Euro = 1.13345 U.S. dollars