Naturgy closed the third quarter of 2021 with a positive performance of its businesses and faces a year end marked by volatility in international gas markets and regulatory uncertainty. EBITDA reported in the period was 2.56 billion, in line with the results for the same period in 2020 and 17% lower than in 2019, without recovering pre-pandemic levels. Ordinary EBITDA was 2.99 billion, 6% higher than in 2020 and 6% lower than in 2019.

Naturgy delivered the first Carbon Neutral LNG cargo in Spain. This operation, a milestone for the country, reinforces the ESG (Environmental, Social, and Corporate Governance) commitment set out in its Strategic Plan 2021-25.

Naturgy has today presented to the market its Strategic Plan for the 2021–2025 period, in which the company will strengthen its role in the energy transition and decarbonisation. Through this plan, Naturgy has set out the main lines of industrial and financial action for the coming years in an energy context of profound transformation and after a year marked by a macroeconomic crisis that has greatly impacted the sector.

Today Francisco Reynés, Naturgy chairman, and Toufik Hakkar, Sonatrach chairman, agreed that the Medgaz expansion would start operations in the autumn. The companies held a work meeting in Orán (Algeria) as part of a visit to Medgaz. The agreement will see the gas pipeline expand its capacity by 2 bcm/year, representing an increase of 25%, reaching 10 bcm/year from the fourth quarter onwards.

This week Naturgy has become the first company to inject renewable landfill gas into Spain’s gas distribution network. A landmark that reflects the company’s commitment to the energy transition and positions it at the forefront of innovation in developing this new energy vector, which will make a significant contribution towards decarbonising the country’s energy system.

Naturgy closed the first quarter of 2021 having made significant progress in its commitments to long-term value creation for all its stakeholders and risk profile reduction. The company continued to actively manage all its businesses during the period, finalised an agreement to settle disputes amicably in Egypt and took decisive steps towards concluding the sale of its electricity distribution business in Chile, scheduled for the second quarter of this year. Naturgy also maintained its drive to improve its position in the international renewable energy market; January saw it conclude its operations to enter the US market by purchasing a portfolio of projects in the initial development phase.

Naturgy Chairman and CEO, Francisco Reynés, chaired the company’s Ordinary General Shareholders’ Meeting, held today in Madrid online as a result of mobility restrictions and to maintain safety due to Covid-19. Shareholders approved the company’s results and management report for 2020, as well as a complementary dividend of €0.63/share, which will be paid on 17 March.