Gate LNG shareholder Gasunie reports lower profit

By LNG World News Dutch gas infrastructure company and a shareholder in the Gate LNG terminal in Rotterdam, Gasunie, reported a decline in net profit and revenue.
The company’s net profit dropped €370 million to a total of €183 million (Approx: US$196.4 million) while the revenue decreased to €1.55 billion in 2016 to €1.63 billion in 2015.
The decrease has been attributed to a €450 million impairment on the GTS network and a decrease in capacity sold.
Speaking of the 2016 results, Han Fennema, CEO of Gasunie, said the company has transported more gas than in the previous year.
Throughout 2016, Gasunie transported a total of 1,236

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