Algerian gas flows boost Naturgy's profits amid financial growth and record liquidity expansion

The Spanish newspaper 'La Razón' reported that long-term supply contracts with Algeria continue to play a pivotal role in supporting the operational performance of Naturgy, which recorded a net profit of 530 million euros by the end of March, an increase of 5%, alongside a 6% rise in earnings before interest, taxes, depreciation, and amortization to reach 1.362 billion euros. The newspaper clarified that Algeria represents a fundamental pillar in securing the company's energy supplies through gas contracts linked to the 'Medgaz' pipeline, which ensures the continuity of supply to the Spanish market and supports the operation of combined cycle plants that play an important role in stabilizing the electricity grid and integrating renewable energies. Watch the full content on Echourouk Online...