Repsol posted net income of 631 million euros in the first quarter of 2013, a rise of 1.6% from the year-earlier period at current cost of supply. Calculated based on MIFO criteria, net income was 634 million euros. These earnings are especially significant as the first quarter of 2012 included earnings from YPF. The improved [...]
Gas Natural Fenosa’s net profit was 411 million euros, while its EBITDA grew by 2.2% to 1.329 billion thanks to its international business. The EBITDA from the energy multinational’s international business grew by 8.1% and represented 44.1% of the consolidated total at the close of the first quarter of this year. In contrast, the EBITDA [...]
Peru LNG shipped a cargo of liquefied natural gas to Spain on March 26, according to PeruPetro S.A. The cargo is being hauled by the 153,600 cubic-meter STX Frontier, owned by STX Pan Ocean. The Peru LNG Project includes two parts: an LNG Plant with a Marine Terminal from which LNG is sent overseas, and a [...]
European Commission representatives visited Madrid, Spain, on March 6th, to present the recently introduced Clean Power for Transport (CPT) package. The roundtable event was an initiative of the EC Directorate-General for Mobility and Transport (DG Move), organised by NGVA Europe and supported by Gas Natural Fenosa (GNF). Held at the headquarters of NGVA Europe BoD [...]
March 15, 2013 | Posted in
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Norwegian LNG producer and distributor Skangass made a delivery of one full cargo of LNG to CEPSA Gas Comercializadora in Spain on February 28th. The small cargo was supplied into the Reganosa LNG terminal in Port Ferrol after transport by the LNG Carrier “Coral Energy”, which has a capacity of 15,600 cbm. Skangass, which is [...]
March 7, 2013 | Posted in
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Temasek of Singapore has acquired the treasury shares currently held by Repsol, amounting to 5.04% of the company’s stock. The agreement comprises the purchase of 64.7 million Repsol shares from the company’s treasury stock, at 16.01 euros per share, representing a 1.036 billion euro payment to Repsol. Together with existing share holdings in Repsol, Temasek [...]
Linklaters has advised leading Spanish energy company Repsol on the US$6.653bn sale to Royal Dutch Shell of its liquefied natural gas (LNG) assets, which includes the minority stakes in Atlantic LNG (Trinidad & Tobago) Peru LNG and Bahia de Bizkaia Electricidad (Spain), as well as the LNG sale contracts and time charters with their associated [...]
Repsol posted net income of 2.060 billion euros for 2012, a 6.1% decline from the year earlier. At current cost of supply (excluding the change in value of the oil inventories that the company stocks as part of Spain’s strategic reserve) Repsol’s net income was 2.048 billion euros, 5.4% higher than 2011, when the earnings [...]
Repsol of Spain said it has reached an agreement with Shell for the sale of its LNG assets for $6.7 billion which includes the minority stakes in Atlantic LNG (Trinidad & Tobago,) Peru LNG and Bahia de Bizkaia Electricidad (BBE) as well as the LNG sale contracts and time charters with their associated loans and [...]
February 27, 2013 | Posted in
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Enagás will invest €2.1Bn in the 2013-2015 period, as stated by the company at the presentation of its Strategic Plan update. Enagás’ strategy for the coming years will continue to prioritise the regulated asset business in Spain, where there is still room for investing in infrastructure that contributes to reinforcing supply security, such as the [...]
