Javier Gonzalez NavarroSEGUIRMadrid Updated: Save Send news by mail electrónicoTu name *

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The president of Naturgy, Francisco Reynés, today called for a regulatory framework “stable” for the sector, “recognition of a reasonable return, according to the level of risk of the investment, with transparency and without cards under the sleeve”.

Reynés has made these statements during his speech in the shareholders ‘ meeting the company has held this morning telematically from the auditorium of its headquarters in Madrid.

The chief executive of Naturgy has been said that “we cannot be happy,” the contribution of the company in 2019, despite the fact that went up by 6% year on year, due to the strong impact that they had in their evolution “the rumours about the new regulation” in the second half of the year.

Reynés stressed that the company “has to reduce the risk profile” of the same and has confirmed the dividend policy of the group, as well as that in 2020 we will reach the targets set for 2022. Also has reminded that during the last financial year the company paid 920 million euros in taxes and tributes.

In the first months of this year, the group’s results are affected by the crisis, with sharp declines in demand, with fall “unprecedented” prices of crude oil, gas and electricity, as well as by the depreciation of currencies in Latin american countries in which it is present and by the new regulation of the CNMC.

he Added that Naturgy includes start “ court proceedings or arbitration” in case of not being able to review in a friendly manner its gas supply contracts to adjust to the fall in prices resulting from the crisis, but has pointed out that the judicial branch will be a “last resort”. In the press conference later -also telematics-, underlined that “we are focusing on the negotiations, which are always good for all parties, the arbitrations are not our goal.”

On the entry of the oil companies Repsol, Cepsa and Total in the power sector, Reynés said that “come new actors, powerful, that we are churning ; the market and the business is changing very fast.”

it has Also highlighted that, “with a liquidity of 10,000 million euros you can do so many things; the first, sleep in peace.”

he Noted that are about 125,000 families, who have asked for the postponement of the payment of bills, one of the measures offered by the company to its customers to reduce the impact of the crisis.

The president of Naturgy made public on the board of the appointment of Pedro Larrea as a new responsible energy management and networks; Jorge Barredo for renewables, innovation and new business, and Carlos ‘ Neighbor to retail marketing. The three executives have been signings external.

Reynés began his speech by giving the condolences to all those who have been affected by the coronavirus and thanked the work of the workers of the company.