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Dutch Gasunie Sees Income Up, Invests for Transition
Mar 5, 2021 10:05:am
Summary
Profits were up thanks to a reversed tax charge, despite a drop in northwest European gas demand.
by: William Powell
Dutch state-owned gas infrastructure operator Gasunie saw annual revenue rise €94 ($112)mn to €1.372bn in 2020, with higher income from the commissioning of the German Eugal pipeline, which it part owns. Carrying Nord Stream gas south from Greifswald, it shifts gas flows in Germany leading to more demand for capacity in Gasunie s German.
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