Gasunie saw turnover increase by nearly a quarter in the first half of the year. Much of the increase is due to the new EemsEnergyTerminal. This floating terminal, which can convert LNG transported by ship to Imshaven into natural gas, was not yet operational during the corresponding period last year.
The state-owned company’s turnover grew by 23 percent in the first six months of the year to just over 1.1 billion euros. The turnover of the two subsidiaries operating the gas transmission network in the Netherlands and Germany increased by 9% and 14%, respectively.
The arrival of EemsEnergyTerminal and the many energy conversion projects Gasunie is working on has also added to costs. As a result, net profit rose less than turnover. Profits increased by 17% to 266 million euros.
Due to higher gas prices and mild winters, there was less demand for gas from citizens and businesses. As a result, the gas storage facilities remained relatively well filled, which led to low supplies to these storage facilities.
As a result, Gasunie transported 10 percent less natural gas in the first half of the year compared to the same period in the previous year. In the Netherlands, the GTS subsidiary carried the lowest volume ever in the first half of the year. In Germany, GUD’s subsidiary GUD transported natural gas 24 percent less in the first six months.
In the past six months, the Netherlands has supplied 94 percent more so-called high-calorie gas (H-Gas) to other countries than in the previous year. According to Gassoni, this is entirely due to Germany needing gas to replace lost imports from Russia. On the other hand, gas exports to Belgium and the United Kingdom fell sharply.
In the first half of the year, gas from the Groningen field accounted for only 4 percent of the total natural gas flowing through the GTS network. A year ago that was still 12 percent. To support the closure of the Groningen field, Gasunie is building a new nitrogen plant in Zuidbroek that can turn foreign gas into “Groningen-quality” gas. The company expects this plant to start operating in October.
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