Spain's Naturgy boosts utility profits and revenues from business including LNG cargoes from Russia and US
Naturgy Group, the Spanish global utility company with LNG supplies from the US and Russia and natural gas and utility businesses in Spain and South America as well as renewables projects in Europe, the US and Australia, reported a first-half surge in revenues and net profits.
Italian LNG terminals and grid operator SNAM finalizes deal for stake in Algerian pipelines via Tunisia
SNAM, the Italian LNG terminal and natural gas grid operator, and Milan-based energy major Eni have finalized the terms of an agreement for the acquisition by SNAM of a 49.9 percent stake in a newly incorporated Italian company controlling natural gas pipelines connecting Algeria to Italy.
Sonatrach CEO Hakkar outlines strategy on pipeline gas for industry and exports underpinned by LNG
Algerian state energy company Sonatrach, one of the main suppliers of LNG and pipeline natural gas to Europe, said it planned to increase production and sales in the coming year amid upgrades at its liquefaction plants at Skikda and Arzew on the Mediterranean coast and new natural gas discoveries for export in the future alongside industrial development in petrochemicals.
Naturgy of Spain returns to profit after overhaul as LNG prices and power present challenges
Naturgy Energy Group, the Spanish utility and importer of US and Russian LNG, posted an annual net profit after the previous year’s losses amid continuing challenges in its businesses in Europe and South America.
French utility Engie signs Algerian LNG and pipeline deals as new Sonatrach CEO takes over
Sonatrach, the Algerian national energy company now under a new chief executive, said it signed medium-term and long-term LNG and pipeline natural gas contracts with French utility Engie, the last of its European customers to renew delivery agreements.
Spanish utility Naturgy swings to profit after overhaul as LNG improves amid lower prices
Naturgy, the Spanish utility with Latin American assets and LNG volumes from the US and Russia, swung to a profit after losses last year linked to restructuring as it invested in natural gas infrastructure and renewables.
US and Russian LNG buyer Naturgy of Spain joins Sonatrach in Medgaz pipeline takeover
Naturgy, the Spanish utility with Latin American assets and LNG volumes from the US and Russia, and state-run Algerian company Sonatrach have agreed to purchase the stake in the Medgaz natural gas pipeline from Algeria to Europe held by United Arab Emirates energy company Mubadala.
Gas Natural Fenosa of Spain renews long-term LNG and pipeline contracts with Algeria
Gas Natural Fenosa, the Spain-based utility and major liquefied natural gas market participant, has signed a contract with Algerian energy company Sonatrach to renew pipeline and LNG supply contracts with the North African nation until 2030.
