Enagas logs profit hike as LNG business grows

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By Mirza Duran Spanish LNG terminal operator Enagas reported a 9.4 percent profit rise in the first half as its regasification plants continued to operate as usual during the Covid-19 pandemic.

Image: Enagas

The company said profit after tax in the January-June period increased to 236.3 million euros ($276.9 million). This compares to 216.1 million euros in the same period a year ago.

To remind, net profit in the first quarter increased to 119 million euros from 104 million euros last year.

Enagas says it remains “on track” for the planned 440 million euros profit for the full year of 2020.

Like all other energy companies, Enagas

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