Spain: Enagas Q1 Net Income at EUR 86.7 Million

Enagás, owner of four LNG terminals in Spain, reported net profit of €86.7Mn for the first quarter of 2012, 0.8% more than the €86Mn registered in the same period in 2011.

The company’s EBITDA also increased from €205.9Mn to €214.2Mn at the end of the first quarter of 2012, up 4%.

Enagás said that demand for gas transported through 31 March 2012 totalled 124,688 GWh, 1.4% higher than in the first quarter in 2011.

This figure includes 9,312 GWh of exports and 4,307 GWh in ship loading operations.

Conventional demand in the first quarter of 2012 was 6.5% higher than in 1Q11, while gas deliveries for electricity generation at conventional and combined- cycle thermal plants fell 16.9% year-on- year, the company added.

[mappress]
LNG World News Staff, April 24, 2012; Image: Enagas