Flogas acquires Naturgy Ireland

Flogas Ireland has agreed to acquire Naturgy Ireland from its Spanish parent company, Naturgy Energy Group.

Naturgy Ireland is a market-leading supplier of renewable electricity, natural gas, biogas and energy services to large energy users in Ireland, Northern Ireland and the UK. Its customers include food and beverage producers, major retailers, manufacturing and transport businesses.

The announcement marks a significant move for Flogas, which acquired Just Energy’s Irish operation in 2019 and Budget Energy in Northern Ireland in 2020. Currently, Flogas sells electricity, natural gas and LPG across Ireland and supplies over 175,000 residential and primarily SME business customers.

“The acquisition of Naturgy Ireland is complementary to our existing business,” said Paul Kenny, general manager of Flogas Energy.

“With the strong pipeline of energy services and renewables that Naturgy brings to the table, the agreement will support the further development of our portfolio of sustainable and renewable offerings for the large energy supply sector. It leaves us well-positioned to lead the energy transition for our customers in Ireland.”

Liam Faulkner of Naturgy Ireland commented: “This deal marks a very exciting time for us as we continue to develop products and services to support our customers with their energy sustainability goals.

“We are proud of the deep relationships we have built with our customers, and they can be assured they can continue to expect the same level of service which we pride ourselves on and which they expect.”

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