Spain’s Naturgy lost $420 mn in 2020, $238 mn in Argentina

Spanish energy group Naturgy closed 2020 with losses of about $420 million. The group’s Argentinean subsidiary is the second largest gas distributor in the country, where it recorded losses of some $238 million, a figure that is not yet definitive, as the balance sheet of the operation in the country has yet to be finalised. Naturgy said it is reviewing all its investments in Latin America and that its priority will now be renewable energy in the United States and Australia.

Source: Ámbito