Natural Gas Trading
- Higher volumes lead to €360 million increase in sales, totaling €12,207 million
- Earnings at €383 million, down €23 million year-on-year
Sales to third parties in the Natural Gas Trading business sector grew by €360 million to €12,207 million as a result of higher volumes. Intensified trade on European spot markets led to a 40 billion kilowatt hour increase in sales volumes to 561 billion kilowatt hours. WINGAS provided 3% of its volumes to BASF Group companies outside of the Oil & Gas segment.
At €383 million, income from operations before special items was €23 million below the level of the previous year. A smaller contribution from the storage business was partly offset by higher earnings in the transportation business and ongoing optimization measures on the procurement end of the trading business.