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/
According to GlobalData, 40% of Italy’s gas imports are from Russia, and turning to Qatar is only a very short-term solution to overcome this.