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Naturgy And Sonatrach To Buy Mubadala's Stake In Medgaz
Naturgy To Invest Up To 400 Mln Euros In Share Buyback Program
Naturgy Says It's On Track To Deliver Strategic Plan 18-22
Naturgy Energy Group SA, formerly Gas Natural SDG SA, is a Spain-based company active in the energy sector. The Company's activities are divided into four business segments: Gas & Electricity, which includes generation and renewables businesses, gas supply, marketing and logistics of liquefied natural gas (LNG) worldwide, as well as gas and electricity commercialization in Europe; Infrastructure Spain & EMPL - Medgaz, which comprises gas and electricity network businesses in Spain and the Maghreb gas pipelines; Infrastructure Latin America South Zone that implies gas and electricity networks businesses in Chile, Argentina, Brazil and Peru, and Infrastructure Latin America North Zone, which includes gas and electricity network businesses in Mexico and Panama.
Natural Gas Utilities
Avda. de San Luis, 77
Francisco Reynes Massanet
Executive Chairman of the Board, Chief Executive Officer
Carlos Javier Alvarez Fernandez
Chief Financial Officer
Jordi Garcia Tabernero
Communication & Institutional Relations Managing Director
Miguel Angel Aller Blanco
Lean Project Manager
Carlos Ayuso Salinas
Director of Internal Audit
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Spain's Naturgy Energy Group SA <NTGY.MC> and Algeria's Sonatrach have agreed to buy Abu Dhabi state fund Mubadala's 42.09% stake in the Medgaz pipeline, which carries natural gas from Algeria to Spain, Naturgy said Tuesday.
Naturgy <NTGY.MC> will temporarily suspend around 300 employees in Spain while it awaits the outcome of a regulatory proposal to limit the amount of income it can earn from investments in transporting and distributing gas, the utility said on Thursday.
Spanish gas company Naturgy <NTGY.MC> reported a 7% rise in core earnings for the first half of the year on Wednesday, supported by the strength of its gas network business in Spain and abroad.
Spain's Naturgy Energy Group reported higher annual core profit and sales on Wednesday but a heavy annual net loss after a 4.9 billion euro ($5.6 billion) writedown on assets including coal and nuclear plants last June.
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