Spain May Compensate Gas Natural on Sonatrach Dispute Cinco Says

Spain’s industry ministry has sent a proposal to the country’s energy commission suggesting that Gas Natural SDG SA (GAS) be compensated for legal costs related to a dispute with Sonatrach, Cinco Dias said, citing a draft of the proposal.

The ministry has proposed allowing 157.3 million euros ($209 million) in rate charges over five years to cover the cost of the Gas Natural Sonatrach arbitration that would raise the amount charged by one percent, the newspaper said.

To contact the reporter on this story: Sharon Smyth in Madrid at ssmyth2@bloomberg.net

To contact the editor responsible for this story: Andrew Blackman at ablackman@bloomberg.net

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