Published by
Joseph Green,
Editor
LNG Industry,
Reuters are reporting that Sichuan Datong Gas Development Company has announced a swing to net loss of 5 million yuan to 6 million yuan in Q1 of FY 2018 versus net profit at 2.1 million yuan year ago.
The company has commented that decreased gross margin of LNG business and net profit of unit as main reasons for the forecast.
Read the article online at: https://www.lngindustry.com/liquefaction/16042018/sichuan-datong-gas-development-to-swing-to-loss-in-q1-of-fy-2018/
The construction of the energy port creates the prerequisite for one of the five FSRUs chartered by the German federal government to dock in Stade and feed gas into the German grid.