Repsol reported a 37.4% surge in quarterly LNG earningsthanks to improved margins.
The Spanish oil and gas player reported €158 million ($205million) in operating profits in the first quarter.
That compares to €115 million in the same period of 2011.
Antonio Brufau-led Repsol’s LNG business portfolio includesthe Peru LNG export plant and the Canaport import terminal.
The quarterly results do not include the expropriatedArgentine subsidiary YPF.
