- Corporate

Following the acquisition of the electricity company Unión Fenosa, the third largest in the Spanish market, Gas Natural Fenosa has achieved its objective of integrating the gas and electricity businesses in a single company with extensive experience in the energy sector, capable of competing efficiently in markets subject to a process of increasing integration, globalisation and levels of competition.

It is the largest integrated gas and electricity company in Spain and Latin America, leading the natural gas sales market in the Iberian Peninsula, and it is the biggest distributor of natural gas in Latin America. With a fleet of 11 LNG tankers, it is a company of reference for LNG/NG in the Atlantic and Mediterranean basins, where it operates 30 bcm.

The 2010-2014 Strategic Plan is divided into two separate phases: up to 2012 the company will focus on strengthening its balance sheet, on optimisation for securing synergies and on organic growth.

The second phase, up to 2014, will focus on making area-based investments to make the most of opportunities for growth in key markets and businesses, while maintaining a solid financial structure.

The plan seeks to maintain the Latin American area of the business as a key pillar within the energy group.