Enagás#MidCat pipeline project
{{Short description|Spanish energy company}}
{{Use British English|date=October 2022}}
{{Use dmy dates|date=October 2022}}
{{Infobox company
| name = Enagás, S.A.
| image = Enagas.jpg
| image_caption = Headquarters in Madrid, Spain
| logo = Enagás.svg
| logo_size =
| type = Public
| traded_as = {{BMAD|ES0130960018|ENG}}
| ISIN = {{ISIN|sl=n|pl=y|ES0130960018}}
| foundation = {{sda|1972}}
| location = Madrid, Spain
| key_people = {{Plainlist|
- Antonio Llardén Carratalá (chairman)
- Arturo Gonzalo Aizpiri (CEO)
}}
| industry = Energy industry
| products = Storage and transportation of natural gas
| revenue = {{increase}} {{Euro|1.360}} billion
| operating_income = {{increase}} {{Euro|732,072}} million
| net_income = {{increase}} {{Euro|490,837}} million
| num_employees = {{increase}} 1,439
| homepage = {{URL|www.enagas.com}}
}}
Enagás, S.A. ({{IPA|es|enaˈɣas}}, originally an initialism for {{Em|Empresa Nacional del Gas}}) is a Spanish energy company and European transmission system operator (TSO), which owns and operates the nation's gas grid. The firm also owns four liquefied natural gas regasification terminals in the country,{{cite news|url=http://uk.reuters.com/article/oilRpt/idUKL0762084020080407|archive-url=https://archive.today/20120723030110/http://uk.reuters.com/article/oilRpt/idUKL0762084020080407|url-status=dead|archive-date=23 July 2012|title=World's biggest LNG tanker unloads at Enagas plant|last=Roberts|first=Martin|date=7 April 2008|work=Reuters|accessdate=31 December 2008}} at Huelva, Barcelona, Cartagena, and Gijón.{{cite web|url=http://www.enagas.com/cs/Satellite?cid=1142417697953&language=en&pagename=ENAGAS%2FPage%2FENAG_mapaInfraestructuras |title=Gas Transmission: Infrastructure |publisher=Enagás |accessdate=31 December 2008 |url-status=dead |archiveurl=https://web.archive.org/web/20061122050925/http://www.enagas.com/cs/Satellite?cid=1142417697953&language=en&pagename=ENAGAS%2FPage%2FENAG_mapaInfraestructuras |archivedate=22 November 2006 }} In addition, it owns 50% of the plant BBG (Bilbao) and 72.5% of the Saggas terminal in Sagunto.http://www.enagas.com: [https://www.enagas.com/enagas/en/Transporte_de_gas/PlantasRegasificacion Regasification plants] {{Webarchive|url=https://web.archive.org/web/20220306114756/https://www.enagas.com/enagas/en/Transporte_de_gas/PlantasRegasificacion |date=6 March 2022 }} (5 March 2022)
The chairman of Enagás is Antonio Llardén Carratalá and his chief executive officer is Arturo Gonzalo Aizpiri.{{Cite web |url=https://www.enagas.com/enagas/en/QuienesSomos/ConsejoAdministracion |title=Board of Directors |access-date=6 March 2022 |archive-date=6 March 2022 |archive-url=https://web.archive.org/web/20220306114751/https://www.enagas.com/enagas/en/QuienesSomos/ConsejoAdministracion |url-status=live }}
The firm's headquarters are located in Madrid. Apart from Spain, Enagás has presence in Mexico, Perú, Chile, Sweden and in the Trans Adriatic Pipeline (TAP) European project.
The company was founded in 1972 by the Spanish Government with the aim of creating a nationwide network of gas pipelines. After privatisation in 1994, Gas Natural acquired a controlling stake in the company. Since Enagás demerged in 2002, Gas Natural gradually decreased its stake to 5%, the maximum allowed for any shareholder by the Government after 30 December 2006.{{cite web|url=http://www.enagas.com/cs/Satellite?cid=1142417697548&language=en&pagename=ENAGAS%2FPage%2FENAG_pintarContenidoFinal |title=About us: Introduction |publisher=Enagás |accessdate=31 December 2008 |url-status=dead |archiveurl=https://web.archive.org/web/20061122050953/http://www.enagas.com/cs/Satellite?cid=1142417697548&language=en&pagename=ENAGAS%2FPage%2FENAG_pintarContenidoFinal |archivedate=22 November 2006 }} As of 2006, the institutional shareholder was the state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI) which held 5% of Enagás.
Since 2019, 90% of the company's shares are on the open market (free float).{{Cite web|url=https://www.enagas.es/enagas/es/QuienesSomos/Presentacion|title=Presentación: Enagás|access-date=24 March 2019|publisher=Enagás|language=es}}
In September 2023, it was announced Enagás has finalised the acquisition of 10% of the shares in the Hamburg LNG and green gases import terminal, Hanseatic Energy Hub GmbH.{{Cite web |date=2023-09-28 |title=Enagás acquires 10% of HEH |url=https://www.lngindustry.com/liquid-natural-gas/28092023/enags-acquires-10-of-heh/ |access-date=2023-09-28 |website=LNG Industry |language=en}}
{{Anchor|MidCat}} MidCat pipeline project
The MidCat gas pipeline was a 2010s concept, promoted by Enagás and French gas operator Teréga, to build a large gas pipeline between France and the Catalonia region of eastern Spain.{{cite web|url=https://odg.cat/es/publicacion/desmontando-midcat/|title=Desmontando el Mito del MidCat|date=2018-05-30|language=es|website=ODG - Observatori del Deute en la Globalització}}
In 2011, the €3.1 billion MidCat gas pipeline project was kicked off. The first section near Barcelona was built in 2011–2012.Anca Gurzu [https://www.politico.eu/article/the-franco-spanish-ghost-natural-gas-pipeline-midcat-miguel-arias-canete-enagas/ The Franco-Spanish ghost gas pipeline] {{Webarchive|url=https://web.archive.org/web/20190125020301/https://www.politico.eu/article/the-franco-spanish-ghost-natural-gas-pipeline-midcat-miguel-arias-canete-enagas/ |date=25 January 2019 }} Politico, 31 October 2018
However, the project came to a halt after just €7 million in EU support had been expended for prestudies for the project.{{clarify|why is EU money used? why not just Spain and France national monies? or why not just the private companies that would conceivably make their investment back during the 15 or 30 year life of the pipeline?|date=November 2022}}
The first part of the pipeline called the South Transit East Pyrenees, or STEP, was to continue the existing line near Barcelona into France for about €440 million, paid mostly by the French partner Teréga (formerly TIGF — Transport et Infrastructures Gaz France).[https://opera-energie.com/tigf-devient-terega/ TIGF, 2ème transporteur de gaz de France, devient Teréga] {{Webarchive|url=https://web.archive.org/web/20220306113249/https://opera-energie.com/tigf-devient-terega/ |date=6 March 2022 }} (21 November 2021)
Construction was to start in 2019, and be completed by 2022. The second half of MidCat was to reinforce about 800 km of pipelines within France. A 2017 EU report found that MidCat's costs were higher than its assumed benefits.
The MidCat was later on called BarMar (Barcelona-Marseille) and will finally become part of the H2MED, a hydrogen pipeline transport.
On 15 December 2022 it submitted to the call for Projects of Community Interest (PCI) the first two axes of the Spanish Hydrogen Backbone Network project (the Vía de la Plata Axis and the Cantabrian Coast Axis) together with the two subway storage facilities (in Cantabria, of 335 GWh, and the Basque Country, of 240 GWh) that have been identified as necessary for its correct operation.{{Cite web |last=elDiarioex |date=2023-01-20 |title=El hidroducto Almendralejo-Zamora-Gijón, la mayor inversión presentada por Enagás a los fondos europeos |url=https://www.eldiario.es/extremadura/economia/hidroducto-almendralejo-zamora-gijon-mayor-inversion-presentada-enagas-fondos-europeos_1_9882944.html |access-date=2023-11-02 |website=elDiario.es |language=es}}
References
{{Reflist}}
External links
- {{Official website}}
{{IBEX-35 companies}}
{{DJSI World}}
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{{DEFAULTSORT:Enagas}}
Category:Natural gas pipeline companies
Category:Natural gas companies of Spain
Category:Companies based in Madrid
Category:Energy companies established in 1972
Category:1972 establishments in Spain
Category:Companies listed on the Madrid Stock Exchange
Category:Companies in the S&P Europe 350 Dividend Aristocrats