Trading and Gas

Trading



1,515 ships chartered
with crude oil and products

The contribution of the Trading and Gas area to the Company's results was higher in 2017 than in 2016, thanks to the positive performance of Trading activity, which benefited from higher demand, better margins, and the excellent performance of the business in North America.

Our Trading activity is carried out globally through various offices established in the most relevant strategic European, American, and Asian markets. In 2017 we chartered 1,515 ships (1,339 in 2016).

Natural gas in North America

2016 2017
LNG regasified (TBtu) in Canaport (100%) 16 15
Gas marketed in North America (TBtu) 414 496

In terms of safety and environment, in 2017 we reviewed our ship assessment procedures, incorporating requirements in accordance with the Company's current risk map.

The volume of gas marketed in North America grew by 20% in 2017. Repsol has regasification and transportation assets in its marketing businesses in North America, including the Canaport regasification plant and gas pipelines in Canada and the United States.