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Gas Natural Fenosa updates its Strategy to 2015

In its updated Strategic Plan 2013-2015, Gas Natural Fenosa sets realistic objectives, adapted to the macro-economic and energy climate and particularly the impact of new regulatory measures. The group's strategic lines for the 2013-2015 period focus on the execution of the efficiency plans; managing each business line in accordance with market conditions ; and managing the business portfolio in accordance with the strategy.

The multinational energy company's strategic priorities for 2013-2015 will reinforce the current business model, which is based on seeking out opportunities for growth overseas and particularly its growing prominence in the global gas market (mainly LNG) which will enable the company to maintain its sound results. Gas Natural Fenosa expects to make savings of up to 300 million euros by 2015, mainly in operation and maintenance activities, marketing and corporate structure costs. The investments forecast for the 2013-2015 period will reach €5.2bn, with an average of approximately €1.7bn/year. These investments will focus on the gas and gas distribution businesses in Europe and on the organic expansion of the group's activities in Latin America.