Naturgy

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Naturgy Energy Group, S.A.
RevenueIncrease €23.306 billion (2017)[1]
Increase €3.915 billion (2017)[1]
Increase €1.360 billion (2017)[1]
Total assetsIncrease €47.322 billion (end 2010)[1]
Number of employees
Increase 18,780 (end 2010)[1]
Websitewww.naturgy.com

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]

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

The company's administrative headquarters complex,

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. ^ a b c d e "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 Fenosa moves from Catalonia to Madrid". Offshore Energy. 9 October 2021. Retrieved 21 May 2021.
  7. ^ "Avenida de San Luis, 77". IBA Capital partners. Retrieved 21 May 2021.

External links