Gas Natural Names New Managers

Miquel Andreu is to head up responsibility at Spain's Gas Natural for converting networks that supply gasified Liquid Petroleum Gas (LPG) to customers, so that they run on natural gas instead, the utility announced September 13.

In September 2015, Repsol divested its LPG pipeline business in Spain in two lots to Gas Natural and to Goldman Sachs-owned Redexis Gas for €652mn. 

Miquel Andreu now heads up networks conversion (Photo credit: Gas Natural)

The unit sold to Gas Natural, worth €450mn of that, provided it with the opportunity to convert nearly 250,000 supply points to natural gas, from LPG. Redexis Gas said its separate acquisition from Repsol provided it with 71,530 LPG supply points and a 270-km network.

Later in 2015, Gas Natural received the first €600mn of a total €900mn European Investment Bank loan to re-develop its Spanish gas networks out to 2018.

Maria Miro replaces Andreu as the new director of Gas Natural's northern Spain subsidiary, Gas Navarra. The regional business supplies gas to over 195,000 homes in 105 towns. She will also be the company's manager in the nearby regions of Aragon and Rioja, where Andreu was director from 2014.

Maria Miro, the new Gas Navarra director (Photo credit: Gas Natural)

Earlier this week, Gas Natural was in the news because a US private equity fund Global Infrastructure Partners agreed to buy a 20% stake in the company; GIP will jointly exercise control in Gas Natural with present shareholders Repsol and CriteriaCaixa once the deal is finalised later this month.

Mark Smedley