naturgas

Naturgas Energia is an energy group which aims to supply gas and electricity to businesses and individuals at competitive prices. Transmisision and distribution of gas are carried out within a regulated market, whereas the marketing of gas and electricity is carried out within a free market.

At the end of 2008, the Group had 690.032 service points in the regulated market and provided 628.294 customers with gas and 41.486 with electricity in the free market.

Its facilities are located in eight autonomous communities, specifically in the Basque Country, Asturias, Catalonia, Castile and Leon, Extremadura, Madrid, Murcia and Navarre. The network of the gas pipes of Naturgas Energía amounts to over 5.870 kilometres and 1.333 million euros revenue in 2008. The company leads the gas market in the Basque Country and in Asturias, and it is the second electricity company in the Basque Country. It has more than 315 employees and is integrated in HC Energía of the EDP Group.

Naturgas Energia has its own facilities in nine Autonomous Communities: Asturias, Cantabria, Cataluña, Castilla y León, Extremadura, Madrid, Murcia, Navarra and the Basque Country. Naturgas Energía posted a turnover of 1,333 million Euros in 2008 and its gas pipe network totalled over 5,870 kilometres, which made it the leading gas supplier in Asturias, Cantabria, Murcia and the Basque Country and the second electricity company in the Basque Country. It has over 400 employees and is part of Grupo HC Energía belonging to the EDP Group.

In 2003 naturgas energia Group, formerly Naturcorp, was a public company comprised of four gas entities which operated in the field of natural gas distribution in the Basque Country.

The Basque Government decided to privatize the Group, which was carried out by means of a public tender. Hidrocantabrico won the privatization tender and took over the majority of the shares in the former Grupo Naturcorp.

In July 2004, The Portuguese EDP (Energias de Portugal), shareholder of Hidrocantábrico, acquired an important additional stake and gained control over 95% of Hidrocantabrico Group, presently hc energía.

Between 2005 and 2006, Naturgas Energía concluded the process of taking over the local Basque gas distributors, by acquiring Gas Hernani, Gas Pasaia, Bilbogas and Gasnalsa. The company invested 82 million euros and integrated the networks and human teams to the structure of the Group.

Subsequently, in 2008, it also bought the natural gas distribution company of Mérida, the regional capital of Extremadura.

Finally, Naturgas Energía completed the purchase of the Cantabria and Murcia natural gas distributors in December 2009.