WINGAS posts marked increase in sales in 2016

Kassel. More natural gas for Europe WINGAS succeeded in raising its sales significantly last year, posting a figure of 794.3 billion kilowatt hours. Sales went up by 26 percent year-on-year (2015: 630 billion kilowatt hours).

Despite far higher sales, revenue went down by 9.5 percent compared to 2015 to around 12.995 billion euros due to the much lower price level in the natural gas markets.

The increase in sales was primarily in trade in the spot and futures markets. The positive sales activities benefited from the cooler weather during the course of the year, which also led to greater demand from industry. By contrast, demand from power plants declined slightly.

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