Naturgy investment increases to €3 billion

Naturgy improved its EBITDA in 2023 to €5,475 million (+11%) and recorded a net profit of €1.986 billion (+20%) last year.
The networks business obtained an EBITDA of €2,638 million (+7%) and the deregulated businesses, €2.949 billion (+15%).
Some 90% of the investment was directed at energy transition projects - €1.73 billion went to renewable energy generation, and more than €900 million to distribution networks.
In the field of renewable gases, Naturgy manages a total of 70 projects ,which are currently at various stages of development.
All all of them are located in Spain, with 60 projects focused on biomethane, and 10 on hydrogen.
Naturgy said it wants to lead Spain in maximising the opportunity that biomethane represents as a vector of the energy transition.
According to the latest analyses by Sedigas, the potential of biomethane in Spain could reach 160 TWh, equivalent to 50% of the current demand for natural gas.
“The good results for 2023 reflect, once again, the commitment, professional quality and good performance of the entire Naturgy team, as well as the soundness of our industrial growth plans and prudent financial management," said Naturgy's executive chairman Francisco Reynés.
"We work every day to adapt this company, which is 180 years old, to a new environment: transforming our business mix and making a positive contribution to the challenges of the energy transition in the countries in which we operate, especially in Spain.”