Enagás is an international standard bearer in the development and maintenance of gas infrastructures and in the operation and management of complex gas networks. It is accredited as an independent TSO by the European Union and carries out its activities in eight countries.
Enagás is Spain’s leading natural gas transmission company and Technical Manager of the Spanish gas system.
It has around 12,000 Km of gas pipelines, three underground storage facilities in Serrablo (Huesca), Gaviota (Vizcaya) and Yela (Guadalajara) and four regasification plants in Barcelona, Huelva, Cartagena and Gijón. It also owns 50% of the BBG regasification plant in Bilbao and 72.5% of the Sagunto plant. In addition, Enagás holds the 100% of Gascan, a company constructing two regasification plants in the Canary Islands.
Since Enagás came to market in 2002, it has formed part of the Ibex 35 index. It currently has a free float of 95%, one of the highest on the Spanish continuous market.
International activity
Enagás is also present in Latin America (Mexico, Chile and Peru) and Europe (Sweden, Italy, Greece and Albania).
In Mexico, the company holds a stake in the TLA Altamira regasification plant, is a member of the consortium that built and now operates the Morelos gas pipeline and a member of the consortium that developed the Soto La Marina compressor station, in operation now.
It is also the main shareholder of Quintero LNG terminal in Chile and holds stakes in Transportadora de Gas del Perú (TgP) and Compañía Operadora de Gas del Amazonas (Coga) in Peru.
Enagás is also involved in the construction of the Trans Adriatic Pipeline (TAP), which will bring gas to Europe from the Caspian Sea linking Greece, Albania and Italy, and holds a stake in Swedegas, the operator of the Swedish gas system.
Independent TSO
Enagás was certified by the European Commission as an independent Transmission System Operator (TSO) in August 2012. This accreditation guarantees the independence of the Spanish gas transmission network with respect to gas producers and distributors, and represents a milestone in the company's history.
45 years of history
Over the course of its 45-year history, Enagás has developed the key infrastructures for the Spanish gas system, transforming it into a benchmark for security and diversification of supply, and cemented its international presence.
Enagás, S.A. (Spanish pronunciation: [enaˈɣas], originally an initialism for Empresa Nacional del Gas) is a Spanishenergy company and European TSO, which owns and operates the nation's gas grid.
However, since demerging Enagás in 2002, Gas Natural has gradually decreased its stake in the company to 5%, which has been the maximum allowed for any shareholder by the Government after 30 December 2006.[4]
Enagas SA is a Spain-based company primarily engaged in the gas transportation.
The Company's activities are divided into three business segments: Infrastructure, Technical management and Unregulated activities.
The Infrastructure division is structured into three areas: Gas transport, which offers gas transmission through pipelines network; Regasification, which transforms liquefied natural gas (LNG) into gas form and stores it in cryogenic tanks, and Storage, which operates underground natural gas storage facilities.
The Technical management division focuses on coordinating the access, storage, transportation and distribution process, maintaining gas infrastructure and ensuring the continuity and security of gas supply.
The Unregulated activities division includes deregulated operations and transactions. The Company is present in a number of countries, such as Spain, Sweden, Greece, Albania, Italy, Mexico, Chile and Peru.