Gasunie’s 2014 revenue rises

Dutch gas infrastructure company Gasunie, a stakeholder in the GATE LNG terminal, saw its revenue increase to € 1,651 million in 2014 (2013: € 1,464 million).

The net profit in 2014 amounted to € 603 million (2013 normalised: € 551 million), on an invested capital of € 9,295 million, Gasunie said in a statement.

According to the statement, the increase in reported profit is largely due to the expiry of the pay-back obligation of the Dutch gas network operator Gasunie Transport Services (GTS).

For 2015, Gasunie expects a decrease in operating profit from regular operating activities. Revenues will continue to fall due to further efficiency discounts, it said.

In the past few years, the effects of these discounts were offset by revenues from new assets. For 2015 and the following years, Gasunie will shift its investments from expansion projects to replacement projects, which will make it increasingly difficult to offset the discounts, Gasunie added.

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Image: Gasunie