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NaturgyEnergy


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Naturgy seals retroactive gas price deal with Sonatrach for 2023

Naturgy seals retroactive gas price deal with Sonatrach for 2023 MADRID, July 23 (Reuters) - Spanish power company Naturgy NTGY.MC has sealed a retroactive gas price deal with Algerian state-owned gas company Sonatrach for 2023, its chairman Francisco Reynes told a news conference on Tuesday, without elaborating on its details. The company had said earlier it had agreed on prices with Sonatrach for 2024. Naturgy has gas contracts with Sonatrach for about 5 billion cubic metres per year.
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Naturgy to bet big on biomethane in new strategy, executive chairman says

Naturgy to bet big on biomethane in new strategy, executive chairman says MADRID, July 23 (Reuters) - Biomethane will play a key role in Naturgy's NTGY.MC strategic plans through the end of the decade, the Spanish gas company's executive chairman Francisco Reynes said on Tuesday. "Renewable gases is our important bet and we are progressing on biomethane contracts in our development portfolio," he told analysts after the company released its first-half results.
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Naturgy rises after providing better than expected outlook and H1 results

BUZZ-Naturgy rises after providing better than expected outlook and H1 results ** Shares of Spanish power company Naturgy NTGY.MC rise 1.6% after it said it expects its 2024 net profit to surpass 1.8 billion euros ($1.96 billion) ** Core earnings, before interest, tax, depreciation and amortisation, are seen above 5.3 billion euros in 2024 ** Barcl
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Naturgy Reaches Price Agreement With Sonatrach For 2024

BRIEF-Naturgy Reaches Price Agreement With Sonatrach For 2024 July 23 (Reuters) - Naturgy Energy Group SA NTGY.MC : A PRICE AGREEMENT HAS BEEN REACHED WITH SONATRACH FOR 2024 AGREEMENT ENSURES THAT PRICES REFLECT CURRENT MARKET CONDITIONS, AND UNDERLINES COMMITMENT TO SECURITY OF SUPPLY Source text for Eikon: ID:nCNMbThHpX Further company coverage:
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Naturgy reaches agreement with Sonatrach on 2024 gas supply price

Naturgy reaches agreement with Sonatrach on 2024 gas supply price MADRID, July 23 (Reuters) - Spanish power company Naturgy NTGY.MC said on Tuesday it has reached an agreement with Algerian state oil and gas company Sonatrach on 2024 prices for gas supply. The deal "ensures that prices reflect current market conditions," Naturgy said. The Spanish company has gas contracts with Algeria's Sonatrach for about 5 billion cubic metres (bcm) per year.
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Naturgy gives rosy profit outlook, secures key gas-supply price deal

UPDATE 2-Naturgy gives rosy profit outlook, secures key gas-supply price deal Recast, adds CEO comment, details, background By Pietro Lombardi MADRID, July 23 (Reuters) - Spain's Naturgy NTGY.MC said on Tuesday it had reached a price agreement with its Algerian gas supplier and provided a consensus-beating profit outlook for the year, moving on after a failed takeover attempt of the Spanish power company.
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Naturgy H1 Net Profit 1.04 Bln Euros

BRIEF-Naturgy H1 Net Profit 1.04 Bln Euros July 23 (Reuters) - Naturgy Energy Group SA NTGY.MC : H1 EBITDA 2.85 BILLION EUROS VERSUS 2.85 BILLION EUROS YEAR AGO H1 NET PROFIT 1.04 BILLION EUROS VERSUS 1.05 BILLION EUROS YEAR AGO H1 NET SALES 9.07 BILLION EUROS VERSUS 12.05 BILLION EUROS YEAR AGO ESTIMATES IT MAY REACH AN 2024 EBITDA AND NET INCOME
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Naturgy sees 2024 net profit surpassing 1.8 bln euros

Naturgy sees 2024 net profit surpassing 1.8 bln euros MADRID, July 23 (Reuters) - Spanish power company Naturgy NTGY.MC said on Tuesday it expects its net profit this year will surpass 1.8 billion euros ($1.96 billion) after first-half net profit were roughly flat compared with a year earlier. Net profit for the period fell 0.2% to 1.04 billion euros.
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Spanish stocks - Factors to watch on July 22

Spanish stocks - Factors to watch on July 22 July 22 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Monday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: GRIFOLS GRLS.MC The Spanish drugmaker said on Friday it had appointed Morgan Stanley and Goldman Sachs as financial advisors for potential Brookfield's takeover bid.
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Biogas has role in switch to greener future, Naturgy chief says

Biogas has role in switch to greener future, Naturgy chief says MADRID, July 10 (Reuters) - Gas produced from organic waste is important to Europe's transition to a low-carbon economy and could help ensure companies don't leave the region, the executive chairman of Spanish energy company Naturgy NTGY.MC said on Wednesday. "We need to find solutions to decarbonise that do not lead to relocations," Francisco Reynes told an event in Madrid.
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Spain's competition watchdog probes Endesa for potential anti-competitive practices

Spain's competition watchdog probes Endesa for potential anti-competitive practices MADRID, July 10 (Reuters) - The Spanish competition watchdog is investigating energy firm Endesa ELE.MC for potential abuse of its dominant position in the electricity distribution market, the CNMC said on Wednesday. The CNMC competition authority said it has received several complaints against the company claiming that it discriminated against competitors by favouring its own subsidiaries in situations including
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Top of the Street: Kingfisher, Naturgy, paper & packaging firms

BUZZ-Top of the Street: Kingfisher, Naturgy, paper & packaging firms A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** RBC raises Naturgy NTGY.MC to "sector perform" from "underperform" following a stock price correction after TAQA and Criteria dropped a plan to jointly bid for the Spanish utility ** Deutsche Bank raises British home improvement retailer Kingfisher KGF.L to "buy" from "hold", citing "robust" income growth, increased consumer confidence, po
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Spanish stocks - Factors to watch on July 9

Spanish stocks - Factors to watch on July 9 July 9 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: REPSOL REP.MC Repsol and Eni ENI.MI have made a significant oil and gas discovery in the Sureste Basin, about 63 kilometres off the coast of Mexico, the Italian energy group said on Monday.
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Naturgy Signs Renewable Gas Supply Agreement With Grupo Lecta

BRIEF-Naturgy Signs Renewable Gas Supply Agreement With Grupo Lecta July 8 (Reuters) - Naturgy Energy Group SA NTGY.MC : SIGNS WITH GRUPO LECTA A RENEWABLE GAS SUPPLY AGREEMENT AGREEMENT WILL FACILITATE EFFICIENT DECARBONISATION OF INDUSTRIAL GROUP'S ACTIVITY Further company coverage: NTGY.MC (Gdansk Newsroom)
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Spain's Criteria raises stake in Telefonica to 9.99%

Spain's Criteria raises stake in Telefonica to 9.99% MADRID, June 28 (Reuters) - Spanish holding company Criteria said on Friday it raised its stake in telecom giant Telefonica TEF.MC to 9.99%, almost matching the stake the Spanish government recently bought in the company. Criteria bought 4.91% of Telefonica shares, the company said on Friday, and intends to buy a further 0.2% so that its stake will surpass the 10% held by the government, making it the telecom group's largest shareholder.
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Spain hikes nuclear waste levy by 30%

UPDATE 1-Spain hikes nuclear waste levy by 30% Adds details, context throughout MADRID, June 25 (Reuters) - The Spanish government said on Tuesday it would raise the levy nuclear power plant operators pay to fund the dismantling of plants and nuclear waste management by roughly 30% due to rising storage and disposal costs foreseen in its latest estimates .
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Spain's watchdog probes Naturgy for anti-competitive practices

Spain's watchdog probes Naturgy for anti-competitive practices MADRID, June 19 (Reuters) - Spain's Naturgy NTGY.MC has been placed under investigation regarding possible anti-competitive practices in the country's electricity distribution market, watchdog CNMC said on Wednesday. The CNMC raided two Naturgy offices as part of the investigation, it said in a statement.
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Spain's CNMC Investigates Naturgy's Electricity Distributor For Possible Anti-Competitive Practices

BRIEF-Spain's CNMC Investigates Naturgy's Electricity Distributor For Possible Anti-Competitive Practices June 19 (Reuters) - CNMC: INVESTIGATES ELECTRICITY DISTRIBUTOR OF NATURGY GROUP (UFD) AND ITS PARENT COMPANIES FOR POSSIBLE ANTI-COMPETITIVE PRACTICES COMPANY WOULD HAVE PRIORITISED INCIDENTS AND COMPLAINTS SUBMITTED BY CERTAIN RETAILERS BETWEE
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Spain's Criteria to increase its portfolio by 13 billion euros by 2030

UPDATE 1-Spain's Criteria to increase its portfolio by 13 billion euros by 2030 Adds quote, background, debt and investment details from paragraph 5 on By Joan Faus BARCELONA, June 17 (Reuters) - Spain's Criteria, the investment arm of the La Caixa foundation, plans to boost the value of its portfolio by 13 billion euros ($13.92 billion) by 2030 as part of a five-year plan that also aims to cut its weighting towards nationally strategic sectors like banking, energy and telecoms.
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Criteria will seek as soon as possible new partner for Naturgy takeover bid -source

UPDATE 1-Criteria will seek as soon as possible new partner for Naturgy takeover bid -source Adds background, details By Joan Faus BARCELONA, June 17 (Reuters) - Spanish holding firm Criteria will seek a new partner for a potential takeover bid for utility Naturgy NTGY.MC as soon as possible after it recently failed to reach an agreement with Abu Dhabi's TAQA TAQA.AD , a Criteria source said on Monday.
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