Naturgy

Naturgy Energy Group S.A., formerly Gas Natural Fenosa (Spanish pronunciation: [ˈɡas natuˈɾal feˈnosa]), is a Spanish multinational natural gas and electrical energy utilities company, which operates primarily in Spain. The company's administrative headquarters are in Barcelona, while its legal headquarters are in Madrid.^[2]

Naturgy Energy Group, S.A.

Headquarters at Gas Natural Building, Barcelona
Formerly	Gas Natural Fenosa, S.A.
Company type	Sociedad Anónima
Traded as	BMAD: NTGY
ISIN	ES0116870314
Industry	Natural gas utility
Founded	1991
Headquarters	Barcelona (administrative), Madrid (legal)
Key people	Francisco Reynés (Chairman and CEO)
Products	Supply, distribution and commercialisation of natural gas, electricity generation and distribution
Revenue	€23.306 billion (2017)[1]
Operating income	€3.915 billion (2017)[1]
Net income	€1.360 billion (2017)[1]
Total assets	€47.322 billion (end 2010)[1]
Number of employees	18,780 (end 2010)[1]
Website	www.naturgy.com

It also has operations in other countries, including: Italy, France, Germany, The Netherlands, Belgium, Mexico, Colombia, Argentina, Brazil, Moldova, and Morocco, as well as the U.S. territory of Puerto Rico.

Description

The corporation's main interests are: the distribution of natural gas in Spain, Italy, and Latin America; the generation and commercialisation of electricity in the liberalised Spanish market (1997-2009);^[3] and the management of natural gas infrastructure and shipping transport.

Gas Natural has approximately 10,000,000 energy clients worldwide. It has around 6,700 employees, of which approximately 50% work within Spain.^{[citation needed]}

The group's largest shareholders include the Spanish La Caixa bank and Repsol global energy company.^{[citation needed]}

Gas Natural acquired utility company Unión Fenosa for around €16.8 billion in 2009.^[4]

In June 2018, the general shareholders meeting of Gas Natural approved the change of name of the company to Naturgy Energy Group.^[5]

Headquarters

Main article: Gas Natural Building

The company's administrative headquarters complex, Gas Natural Building or Mare Nostrum Tower, is located in the La Barceloneta neighbourhood of the Ciutat Vella district in Barcelona. The skyscraper was designed in the High-tech architectural style by the EMBT Architects firm of architects Enric Miralles and Benedetta Tagliabue, and was completed in 2005.

Its legal headquarters were moved to Madrid in 2017, because of the Catalonia independence crisis.^[6][7] Naturgy's Madrid headquarter complex is located in the district of Hortaleza. These headquarters are a building complex of 14 buildings that Naturgy bought in 2016.^[8]

See also

• EcoEléctrica in Puerto Rico — Gas Natural is the major shareholder.

References

1. "Annual Report 2010" (in Spanish). Gas Natural. Archived from the original on 16 March 2012. Retrieved 25 April 2011.
2. Lombardi, Pietro. "Gas Natural to move HQ to Madrid from Barcelona". MarketWatch. Archived from the original on 2017-10-10. Retrieved 2017-10-10.
3. "La liberalización del sector eléctrico español" (in Spanish). Expansión. Retrieved 22 July 2017.
4. Ruano, Carlos; MacInnes, Judy (31 July 2008). "Gas Natural sees Fenosa deal closing in 2009". Forbes. Reuters. Retrieved 2009-01-11.^{[dead link]}
5. "Gas Natural Will Seek Purchases And Mergers After Becoming Naturgy". The Corner. The Corner. 28 June 2018.
6. "Gas Natural opts to move legal HQ out of Catalonia over crisis". El País. 6 October 2017. Retrieved 21 May 2021.
7. "Gas Natural Fenosa moves from Catalonia to Madrid". Offshore Energy. 9 October 2021. Retrieved 21 May 2021.
8. "Avenida de San Luis, 77". IBA Capital partners. Retrieved 21 May 2021.

External links

• Official website