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Naturgy Energy Group S.A.

Company Summary

Description

Naturgy Energy Group S.A., formerly Gas Natural Fenosa, is a Spanish natural gas and electrical energy utilities company, which operates primarily in Spain. The company's administrative headquarters are in Barcelona, while its registered office is in Madrid.

Website

https://www.naturgy.com/en/home

Related Entities

Firm Transport Commitments

Project: Corpus Christi LNG Train 2
Firm Commitment: 1.5 mtpa

Project: Sabine Pass Train 2
Firm Commitment: 3.5 mtpa

Recent news

  • 3/27/2023 - Spain Urges LNG... (subscriber access)
  • 1/15/2021 - Naturgy Investing $1.8B... (subscriber access)
  • 12/7/2020 - ENI & Partners Reach... (subscriber access)
  • 10/1/2020 - Naturgy Considering Sale... (subscriber access)
  • 9/17/2020 - Spanish Company Naturgy... (subscriber access)

Company Transactions

Date: 1/15/2021
Type: Acquisition

BUYERS:
  • Naturgy Energy Group S.A.
    • SELLERS:
  • Hamel Renewables
    • DETAILS:

    COST: 57 $MM

    NOTES:
    Spain's Naturgy has announced plans to invest $1.8 billion into U.S. solar power development over the next five years. They kicked off this initiative with the acquisition of Hamel Renewables for $57 million, including debt. Tacked onto that deal is an agreement with Candela Renewables to develop an 8-GW portfolio of solar power and 4.6-GW in battery storage.
    REGIONS:
  • United States

    • Date: 3/31/2020
    Type: Acquisition

    BUYERS:
  • Eni SpA
  • Egyptian General Petroleum Corporation
  • Egyptian Natural Gas Holding Company
    • SELLERS:
  • Naturgy Energy Group S.A.
    • ASSETS:
  • Damietta Segas LNG Terminal
    • DETAILS:
    NOTES:
    Eni and Naturgy have reached an agreement within Egypt to restart operations at the contested 7.56 Bcf Damietta LNG Plant in Northern Egypt by June 2020. In sum, the deal will see Naturgy close its businesses in Egypt and break-up the JV with Eni. Eni will increase its holdings in the plant alongside Egyptian state-owned firms. The plant has been offline since 2012 when political turmoil hit Egpytian gas supply and the country was forced to begin importing supplies. Once the deal closes, the plant will be 50% owned by Eni, 40% by EGAS and 10% by EGPC.
    REGIONS:
  • Mediterranean
  • North Africa

    • Date: 3/31/2020
    Type: Acquisition

    BUYERS:
  • Sonatrach
  • Naturgy Energy Group S.A.
    • SELLERS:
  • Mubadala Investment Co.
    • ASSETS:
  • Medgaz Pipeline
    • DETAILS:

    COST: 883 $MM

    NOTES:
    Spain's Naturgy Energy Group and Algeria's Sonatrech agreed to acquire a 42.09% stake in the Medgaz Pipeline from Abu Dhabi's state fund Mubadala. Naturgy is paying $493 million for a 34% stake while Sonatrech funds the remainder.
    REGIONS:
  • Mediterranean
  • Europe
  • Africa