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Gas Natural Fenosa into the Portuguese homes

Published on Oct. 10, 2012

Gas Natural Fenosa into the Portuguese homes

Gas Natural Fenosa is expanding its service in Portugal. The Spanish company, which supplied natural gas to the Portuguese industrial sector, is now determined to provide service within the domestic sector by the year 2015.

Gas Natural Fenosa owns already 12% of the local market and 60,000 industrial clients in its portfolio.

José Gil, Gas Natural Fenosa CEO, announced the decision last week during a conference in Lisbon. He also stated that the gas and electricity offers depend on the regulatory framework and the charges, which are fixed by the Electric Services Regulatory Entity.

Regarding the entity’s decision to expand the temporary charge for the October-December period, José Gil said that this resolution does not represent the market reality and this may serve as an incentive for the entry of new companies so that there is a competitive market.

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