Lipigas Announces Earnings and Operating Results for the First Quarter of 2016
For the quarter, natural gas sales nearly tripled to 22.9 Mm3 from 6.1 Mm3 a year ago. The increase was driven by increased dispatch of LNG in Chile to industrial clients via truck, as well as the acquisition of Neogas Peru. LPG sales grew 5% to 6,984t, with Peru leading the growth. Lipigas controls 36%, 14% and 8.9% of the LPG markets in Chile, Colombia and Peru, respectively.