MADRID (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.
(Reporting by Pietro Lombardi, editing by Inti Landauro and David Evans)
