Gas Natural SDG SA (GAS.MC) and a unit of Russian gas giant OAO Gazprom (GAZP.RS) are planning joint operations in the liquefied natural gas, or LNG, market, Gas Natural said Monday.
Gas Natural and Gazprom Marketing and Trading are mulling "occasional operations" in LNG and other activities and are interested in close strategic cooperation in coming years, Gas Natural said in a filing to Spain's stock market operator.
The companies are also considering working together in gas pipeline operations, electricity and carbon dioxide trading.
In its 2008 to 2012 business plan, Gas Natural said it wants to become an international natural gas and LNG operator.
Barcelona-based Gas Natural is Spain's largest gas distributor by market value.