March 26 (Bloomberg) -- Gas Natural SDG SA, Spain's largest natural-gas supplier, agreed to buy fuel from Petroleo Brasileiro SA until 2012 to supply its customers in Brazil.
The Barcelona-based company will buy 9.5 million cubic meters a day of gas, Gas Natural said in an e-mailed statement late yesterday.
Gas Natural is expanding outside Spain to make up for a falling market share since the market was opened to competition. In Brazil, where demand for the fuel grew twice as fast as Spain in 2006, it's supplying gas to 739,000 clients.
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