Spanish utility Naturgy posts loss with overhaul costs but LNG advances with US-Russia cargoes

Tuesday, 05 February 2019

LNG Journal editor

Naturgy Group, the Spanish utility with major US and Russian LNG supply contracts as well as businesses such as the Maghreb-Europe gas pipeline and gas distribution in five Latin American countries, pledged to re-establish its Egyptian LNG output as it posted annual net losses of 2.82 billion euros ($3.22Bln) amid a corporate overhaul and charges related to simplifying the business. 


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