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Naturgy reviews the conditions of its gas contracts to save costs

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Naturgy has reached an agreement with one of its main long-term LNG suppliers to review the commercial conditions of the different gas contracts existing between the parties.

This review includes a review of the terms in the gas supply conditions, applicable from 2020, which will allow Naturgy optimize your supply portfolio mix while reducing your risk profile.

In addition, they will achieve a lower purchase commitment than the annual amount contracted (ACQ) applicable from 2020 and an update to the pricing formula.

Naturgy states that it is committed to bringing its gas supply contracts closer to market conditions, while improves your business competitiveness and risk management. Now, it has two LNG supply contracts with this long-term LNG supplier and with this agreement the new expiration dates will be at September 2021 and September 2023.

Naturgy is committed to reduce your risk profile and renegotiate your gas supply contracts to improve your business competitiveness. The company continues negotiations with the rest of the suppliers and expects new agreements before the end of the year.

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