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Polish oil and gas company PGNIG reported that in the first 9 months of this year it increased its imports of liquefied natural gas by 47% compared with the same period last year. During this period, 1 billion 960 million cubic meters of gas was imported, which accounted for 18% of the total gas imports by the company. A year earlier, this figure was 13%. However, rising gas purchase costs increased PGNIG operating expenses by 16%. During this period, its net profit increased by 15% in annual terms. Revenue growth was also 15%. EBITDA increased by 10%. This fall, the Polish company signed two contracts with US companies for the supply of LNG to Poland, one of which was signed for 20 years, the second one - for 24 years.
China saw positive customs data on Tuesday, raising hopes that the world’s second-largest economy is on the way to recovering from the COVID-19 pandemic. Exports for June rose 0.5% year-on-year compared to an analysts’ forecast ...
The inactivity in Chinese exports likely eased in June as several countries resumed their economic operations. Meanwhile, imports declined milder on higher crude oil and commodities purchases, a Reuters survey showed on Monday. Economists ...
German imports and exports took a huge hit in April, revealing a record plunge since 1990 after the COVID-19 pandemic severely disrupted demand and supply. The data on Tuesday added to the bleak outlook for the biggest economy in Europe. Many ...
Thailand’s economy hit its sharpest downturn in eight years in the first quarter. Though it contracted by less than speculated, struggling months impend as the coronavirus crisis ravages tourism and domestic activity. Southeast Asia’s ...
Emirates, one of the world’s largest long-haul airlines, announced on Sunday its plan of increasing debtEmirates, one of the world’s largest long-haul airlines, announced on Sunday its plan of increasing debt to alleviate the damage ...
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