Gas Natural Shares Decline After Algerian Gas Ruling
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Gas Natural SDG SA fell the most in six weeks in Madrid trading after an arbitration panel said it must pay Algeria’s Sonatrach more for gas, a decision that could raise the energy supplier’s costs more than 300 million euros ($386 million) a year.
Spain’s biggest gas distributor dropped 34 cents, or 2.7 percent, to 12.10 euros a share, the steepest drop since July 1. The stock has lost 20 percent so far this year.