Enagas, Reganosa sign deal to strengthen Spanish energy system
Enagás has agreed to acquire a network of 130km of natural gas pipelines of 80 bar from Reganosa in northwestern Spain for €54 million ($57 million), in a bid to strengthen the supply and decarbonization efforts of Spain and Europe.
Under the agreement, Enagás will acquire the entire transmission network, which ensures the supply and successful operation of the Iberian gas market.
The transmission network, with three measuring stations, three regulation and measurement stations, and thirteen valve positions, links to the LNG terminal of Mugardos and the Tui – Llanera gas pipeline in Guitiriz and Abegondo.
The network brings natural gas directly to the combined cycle power plants of As Pontes (800MW) and Sabón (400MW), to the refinery of A Coruña (120 barrels/day) and the towns of As Pontes and Cerceda.
Enagas, Reganosa sign deal to strengthen Spanish energy system. Photo courtesy of Enagás S.A.
Enagás will also act as the promoter of the Guitiriz -Zamora hydrogen pipeline, which could be operational by 2030.
Arturo Gonzalo — Enagás CEO said: “There are many synergies between the two companies and this operation makes us better prepared to face the challenges we have ahead of us such as continuing to guarantee the energy supply in Spain and Europe and contribute to decarbonization.
“In this line, this alliance is also a boost to Spain’s role as a hub for renewable hydrogen in Europe.”
Reganosa, on the other hand, has purchased a 25% stake in the El Musel Terminal in Gijon from Enagás for €95 million ($100.7 million).
The El Musel Regasification facility, with a storage capacity of 300,000m3 of LNG, can provide up to eight billion cubic meters per year of liquefied natural gas once operational.
Emilio Bruquetas — Reganosa general director said: “We are proud to be able to contribute, together with Enagás, to the development of the north-west of the peninsula, to the strengthening of the Spanish energy system, to increasing security of supply and to achieving the objectives of decarbonisation of the economy.”
The deal is subject to approvals and other conditions.