Portugal: Galp Energia Gas Sales Rise 17 Percent YoY

Galp Energia of Portugal said its gas sales in the twelve months of 2012 rose 17% year-on-year to 6,253 million cubic metres, driven by the increased international LNG trading activity.

In the fourth quarter gas sales rose 10% to 1,558 million cubic metres on the back of higher demand for LNG on international markets, particularly Asia.

The company’s net profit in the fourth quarter of 2012 has also increased by 10% year-on-year to €83 million.

[mappress]
LNG World News Staff, February 18, 2013; Image: Galp