Naturgy foresees less gas from long-term contracts by 2027-March 2024-www.financetom.com

Naturgy foresees less gas from long-term contracts by 2027

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Naturgy foresees less gas from long-term contracts by 2027

Feb 20, 2025 9:29 AM

MADRID, Feb 20 (Reuters) - Spanish energy firm Naturgy

expects a 19% decline in the volume of natural gas it

gets from long-term contracts as it plans to replace them in

part with biomethane, Executive Chairman and CEO Francisco

Reynes said on Thursday.

The company expects volumes bought through long-term

contracts to fall to 170 terawatt-hours (TWh) in 2027 from 210

TWh in 2024, he said.

Reynes partly attributed the decline to two expiring

contracts, one with Oman and the other with Italy's Eni

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