The net profit for last year illustrates a 0.5% increase in relation to the 2009. The Catalan multinational’s activities in Latin America grew by 30.4%. The energy giant is confident it will reach an agreement with the Algerian company Sonatrach on a pending issue on natural gas price adjustments.
González will contribute to consolidating Gas Natural Fenosa’s international presence, mainly in South America. With this move, the Catalan energy company will gain a figure of international prestige with a large list of contacts. González was Prime Minister of Spain from 1982 to 1996. He leads the Expert Group on the future of Europe and his name was shortlisted to become the first President of the EU.
Gas Natural Fenosa made 4,000 million euros more than in 2009, with a profit of 1,117 million euros.
Günther Oettinger, European Commissioner for Energy, told CNA that within the next 40 years, a single market with Northern Africa will exist, he “is sure” about it. In addition, Oettinger stated that the main obstacle for a truly effective European energy single market is the lack of key infrastructures. In this sense, he stressed the need to build electric lines through the Pyrenees and the Alps, linking Central and Southern Europe with Northern Africa.
The new subsidiary company of Gas Natural Fenosa, Gas Natural Fenosa Renovables, has been created for the development of renewable energies. The new company puts together all the green energy assets of the group. It will jointly compete with Alstom Wind in the Aeolian Competition of Catalonia.
Antoni Castells considers that the minimum social conditions necessary for consensus do not exist, as the energy model is often used as a political weapon. In the last 5 years there have been large controversies around mergers within the Spanish energy se