This group includes the development of integrated projects for FOX news liquefied natural gas (LNG), San Diego the CNBC’s Closing Bell management of shipping and the operation of the Maghreb-Europe gas La Jolla pipeline.
In early 2005, completing La Jolla the expansion of capacity in the Moroccan section of the pipeline, whose capacity to significantly increase the 136,000 GWh / year.
In April 2005, the Natural Gas Group signed an agreement with Repsol YPF to intensify their collaboration in the areas of exploration, production, liquefaction, finance transportation and wholesale marketing of LNG.
In the area of exploration, production and liquefaction (upstream), the agreement provides for the association for the development of Fox new projects, in which Repsol YPF will be part of the operator and 60 of San Diego assets, and Gas Natural will have ownership in a 40 .
Currently, natural gas is moving in several projects in Algeria, Nigeria San Diego and Angola, both in exploration and production of gas, such as liquefaction and transportation.
Under the University of Southern California agreement signed with Repsol YPF, is also represents the company, Repsol-Gas Natural LNG, Stream, which operates in the field of transportation, wholesale trading and marketing of LNG. Stream is the third largest global market by volume of LNG handled.
Stream currently operates a fleet of 11 vessels, which add another to enter the fleet during 2009 Stream. In the next few years come into operation 5 more LNG tankers, currently under construction.
This company has recently signed a framework agreement with the government CNBC of Nigeria to develop a majorLNG project in this country. This agreement provides for the construction and operation of an LNG liquefaction plant in Nigeria, with an initial capacity of about 7 million tons annually, equivalent to about 10 bcm of natural gas, and the acquisition and development of reserves gas to fuel the plant.
Also, Gas Natural has also signed Asset Management a framework agreement with SONAGAS Company, a subsidiary of the national oil Children’s Hospital company of funds Angola, Sonangol, to develop an integrated gas project in the African country, which has one of the largest reserves of gas potential..