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Bloomberg: GasTerra 2006 Sales Rise 25 Percent, Boosted by Higher Prices

By Fred Pals

April 12 (Bloomberg) — GasTerra BV, a gas-trading venture between the Dutch state, Royal Dutch Shell Plc and Exxon Mobil Corp., said 2006 sales rose 25 percent, boosted by worldwide increases in energy prices.

Revenue rose to 18.4 billion euros ($24.7 billion) last year from 14.7 billion euros in 2005, GasTerra said in its annual report published today. The amount of gas the company sold fell to 78.8 billion cubic meters from 80.4 billion, the Groningen, Netherlands-based venture said in its annual report.

The average sale price in 2006 rose to 23 cents a cubic meter from 18 cents in 2005, the company said. The lower sales volume was the result of clients making more efficient purchasing arrangements and the unusually mild weather in the months from September until December, it said.

GasTerra was created in 2004 after the split-up of Nederlandse Gasunie NV, the Dutch natural-gas distribution company, into separate transport and trading companies. Formerly known as Gasunie Trade & Supply, the company was renamed GasTerra in September.

Last Updated: April 12, 2007 04:45 EDT

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