Enagás, S.A. (, originally an

initialism An acronym is a type of abbreviation consisting of a phrase whose only pronounced elements are the initial letters or initial sounds of words inside that phrase. Acronyms are often spelled with the initial letter of each word in all caps wi ...

for ) is a Spanish

energy Energy () is the physical quantity, quantitative physical property, property that is transferred to a physical body, body or to a physical system, recognizable in the performance of Work (thermodynamics), work and in the form of heat and l ...

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, at Huelva, Barcelona, Cartagena, and Gijón. In addition, it owns 50% of the plant BBG (Bilbao) and 72.5% of the Saggas terminal in Sagunto. The chairman of Enagás is Antonio Llardén Carratalá and his chief executive officer is Arturo Gonzalo Aizpiri. The firm's headquarters are located in

Madrid Madrid ( ; ) is the capital and List of largest cities in Spain, most populous municipality of Spain. It has almost 3.5 million inhabitants and a Madrid metropolitan area, metropolitan area population of approximately 7 million. It i ...

. Apart from Spain, Enagás has presence in Mexico, Perú, Chile, Sweden and in the

Trans Adriatic Pipeline The Trans Adriatic Pipeline (TAP; ; ; ) is a natural gas pipeline operational since 2020, running from Greece through Albania and the Adriatic Sea to Italy. It is the final section of the Southern Gas Corridor originating in Azerbaijan. , capaci ...

(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. As of 2006, the institutional shareholder was the state-owned

holding company A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share ...

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 In the context of stock markets, the public float or free float represents the portion of Share (finance), shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, control ...

). In September 2023, it was announced Enagás has finalised the acquisition of 10% of the shares in the

Hamburg Hamburg (, ; ), officially the Free and Hanseatic City of Hamburg,. is the List of cities in Germany by population, second-largest city in Germany after Berlin and List of cities in the European Union by population within city limits, 7th-lar ...

LNG and green gases import terminal, Hanseatic Energy Hub GmbH.

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 Catalonia is an autonomous community of Spain, designated as a ''nationalities and regions of Spain, nationality'' by its Statute of Autonomy of Catalonia of 2006, Statute of Autonomy. Most of its territory (except the Val d'Aran) is situate ...

region of eastern Spain. In 2011, the €3.1 billion MidCat gas pipeline project was kicked off. The first section near Barcelona was built in 2011–2012.Anca Gurz
The Franco-Spanish ghost gas pipeline
''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. 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''). 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.

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External links

* {{DEFAULTSORT:Enagas Natural gas pipeline companies Natural gas companies of Spain Companies based in Madrid Energy companies established in 1972 IBEX 35 1972 establishments in Spain Companies listed on the Madrid Stock Exchange Companies in the S&P Europe 350 Dividend Aristocrats