SINGAPORE : China's ENN Energy Holdings reported retail gas sales in the first half of 2022 grew 5.1 per cent from a year earlier, less than a quarter of the pace in the corresponding period of 2021 as COVID measures and an economic downturn stifled demand.
The natural gas distributor had recorded 22.3 per cent year-on-year growth during the first half of 2021 and a 15 per cent increase for the full year versus 2020. ENN, via parent company ENN Natural Gas Co Ltd, lined up annual supply of 4.8 million tonnes of LNG under term contracts in the first half of the year, against a backdrop of a volatile market and record prices, taking its total term supplies to 7.14 million tonnes annually, the firm said.
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