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18.02.26 - 10:01
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Naturgy Energy Group SA Full Year Profit Climbs (AFX)
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WASHINGTON (dpa-AFX) - Naturgy Energy Group SA (GAN.F) announced earnings for its that Increased from the same period last yearThe company's earnings totaled EUR2.02 billion. This compares with EU......
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10.11.25 - 16:57
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Venture Global Shares Surge 15% After Signing LNG Pact With Naturgy (ZeroHedge)
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Venture Global Shares Surge 15% After Signing LNG Pact With Naturgy
Venture Global Inc. has signed a 20-year deal to supply 1 million tons of liquefied natural gas annually to Spain's Naturgy Energy Group starting in 2030, according to the company, which reported on Monday morning. Shares spiked over 15% on the news before the cash open on Monday.
The agreement is Spain's first long-term U.S. LNG contract since 2018 and, importantly, will positively benefit the United States' balance of trade with Spain.
Mike Sabel, CEO of Venture Global commented: “Venture Global is honored to expand our long-term partnership with Spain through this new agreement with Naturgy, a leading global LNG company.”
He continued: “This contract will positively impact the U.S. balance of trade with Spain and enhance energy security across the region. Our unmatched speed and execution have made Venture Global a trusted, reliable supplier to the global market. The signing of this agreement, along with the stro...
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