Naturgy, an energy company chaired by Francisco Reynés, has purchased 100% of the economic interests in Hamel Renewables, a solar energy and storage development platform in the United States. For Naturgy, this is its first operation in the US renewable energy market and demonstrates its firm commitment to the development of a renewable energy portfolio at an international level, focusing on stable geographies and on projects in the early stages of...
Category: News
Naturgy sells its stake in Damietta and leaves Egypt
Naturgy, ENI and the Arab Republic of Egypt have reached a new agreement to resolve amicably the disputes affecting Union Fenosa Gas (UFG), a company owned 50% by Naturgy and ENI. The parties have ratified the agreement whereby Naturgy will receive a series of cash payments of approximately US$600 million, as well as most of the assets outside Egypt, excluding UFG’s business activities in Spain. The agreement, which is similar in terms...
Francisco Reynés accelerates Naturgy’s transformation
The executive charmain of Naturgy, Francisco Reynés, presided over the company’s Ordinary General Shareholders’ Meeting, which was held in Madrid fully online for the first time due to the extension of the State of Emergency. The shareholders approved the company’s results, along with its corporate management report for the financial year 2019. Reynés has transformed the management structure of the energy company with the aim of accelerating the process of “transformation...
Francisco Reynés: “Naturgy and Sonatrach to jointly control Medgaz pipeline”
Naturgy and Sonatrach have reached an agreement with Mubadala for the acquisition of 42.09% of its stake in Medgaz. After the closing of the transaction, Medgaz will become the exclusive property of Sonatrach (with a 51% stake) and Naturgy (with the remaining 49%). All this is thanks to a shareholders’ agreement, which gives them joint control of the gas pipeline linking Algeria and Spain. The operation will allow Naturgy to...
Francisco Reynés: “By Investing In Renewables We Adapt To The Energy Mix Of The Future”
Naturgy, a company led by Francisco Reynés, has presented the results for the first quarter of 2019, focused on progress in the implementation of its Strategic Plan with a great challenge ahead such as renewable energy, which highlights the great industrial plan of the energy company, both nationally and internationally. The company has also lowered its risk profile and increased its exposure to regulated assets with innovative investments. From the outset, Francisco Reynés has...
Francisco Reynés (Naturgy): “We are one of the largest players on Liquefied Natural Gas worldwide”
Francisco Reynés, CEO of Naturgy Energy Group, pointed out the incorporation of new vessels to their Liquefied Natural Gas (LNG) fleet, and that the company needs to take advantage of its current capacity. He sees “the market stabilising during the year 2019, and that’s why we need to take advantage of having a new capacity. We are one of the largest players worldwide on LNG and we expect to continue...
Naturgy closed 2018 betting on renewable energies and international growth
Naturgy, the company led by Francisco Reynes, has successfully closed tax year 2018: the energy multinational presented a transformation roadmap to 2022 in the market and kicked off its action plan for achieving the goals set through four value-creating pillars. Francisco Reynes stated that “the agreement with Sonatrach and the new investments in renewable energies in Brazil and Australia are prominent examples of our positive progress at the international level”. In 2018,...
Francisco Reynés: “We have to consider gas as the energy source with the most potential in the future”
Francisco Reynés, executive chairman of Naturgy (formerly Gas Natural Fenosa), has talked about the role of gas in the world as the energy source with the greatest potential in the future, at the 6TH IEF-IGU Ministerial Gas Forum celebrated in Barcelona, Spain. Francisco Reynés has explained that the world “needs to talk about the different uses of natural gas and the gas technologies and innovations towards a sustainable energy future. We...
Francisco Reynes: 2019 marks one year of change and his new course for Naturgy
February 2019 marks Francisco Reynes first anniversary at the helm of Naturgy. During his first year, the CEO of the energy multinational company has set a new course for his corporation, reinforcing its electric profile and investing in profitability and shareholder returns. After working as CEO in Abertis from 2010 to 2018, Reynés took command of the multinational company and radically changed its management structure, merging the positions of president, occupied by...
Francisco Reynés (CEO of Naturgy): “Embrace change, it can lead to opportunity”
Francisco Reynés, CEO of Naturgy, has talked about why no one should be afraid of change and he also stressed the importance of being happy with your job. Francisco Reynés discusses it on an interview at Bloomberg.During his speech, he said that people try to avoid taking risks. That is why the most important thing that the organization should provide is the possibility of making mistakes which at the end...
