A leader in the national and international gas business
UFG is one of the top three gas companies in Spain and an important operator in the international LNG markets.
Its operational presence in Spain through three regional offices (Central, with a headquarters in Madrid; North, with a headquarters in Gijón; East, with a headquarters in Valencia) to deal with marketing to the industrial sector. It operates in five regasification terminals within the Spanish market, which, together with the management of its two LNG carriers, provides the company with greater operational flexibility.
KEY FIGURES 2017
UFG obtained a positive gross operating profit (EBITDA) of 40.9 million of euros and a consolidated loss of 62 million of euros.
Commercial activities in Spain
UFG remained among the top leading operators in the Spanish market, based on data available with total sales of 41,526 million kWh during the year (increase of 12.6%). Sales to electricity generation companies totalled 24,876 million kWh. It should be noted that this value represents a 17% increase on the previous year. UFG sales to industrial customers totalled 13,840 million kWh, representing an increase of 13.8% on the previous year. This evolution in the portfolio responds to an optimised management of the supplies considering the sales market conditions and lack of supply of its long-term gas contract in Egypt. The volume of sales to other gas retailers totalled 2,810 million kWh (decrease of 18.9% on 2016).
For further information, please download our 2017 Annual Report.