Gas Natural SDG SA is a Spain-based company active in the energy sector. Its business is divided into six lines: Natural gas supply, with a number of hydrocarbon exploration, research, development, production and transportation projects; Power generation, which provides the generation of energy from hydraulic, nuclear, coal, fuel-oil, wind, cogeneration and photovoltaic sources; Distribution, which carries out distribution activities in the electricity and natural gas sectors; Marketing, that markets gas, electricity and services on the retail market; Trading, engaged in gas, oil, electricity and coal trading; and Telecommunications, with wholesale telecommunications operations, that offers infrastructure and telecommunications services to operators. The Company operates in more than 25 countries worldwide. The Company�s major shareholder is Caiaxaholding SAU.