Naturgy foresees less gas from long-term contracts by 2027
Published by Global Banking & Finance Review®
Posted on February 20, 2025
1 min readLast updated: January 26, 2026

Published by Global Banking & Finance Review®
Posted on February 20, 2025
1 min readLast updated: January 26, 2026

Naturgy forecasts a 19% drop in long-term gas contracts by 2027, aiming to replace part with biomethane. Two contracts with Oman and Eni are expiring.
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)
Naturgy expects a 19% decline in the volume of natural gas from long-term contracts, projecting a drop from 210 terawatt-hours (TWh) in 2024 to 170 TWh in 2027.
The decline is partly attributed to two expiring contracts, one with Oman and another with Italy's Eni.
Naturgy plans to replace part of the declining gas supply with biomethane as part of its strategy.
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