Enagás, S.A. (, originally an

initialism An acronym is a word or name formed from the initial components of a longer name or phrase. Acronyms are usually formed from the initial letters of words, as in ''NATO'' (''North Atlantic Treaty Organization''), but sometimes use syllables, as ...

for ) is a Spanish

energy In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat a ...

company and European

transmission system operator File:Electricity grid simple- North America.svg, 380px, Simplified diagram of AC electricity grid from generation stations to consumers rect 2 243 235 438 Power station rect 276 317 412 556 Transformer rect 412 121 781 400 Electric power transmis ...

(TSO), which owns and operates the nation's

gas grid Pipeline transport is the long-distance transportation of a liquid or gas through a system of pipes—a pipeline—typically to a market area for consumption. The latest data from 2014 gives a total of slightly less than of pipeline in 120 countr ...

. The firm also owns four liquefied natural gas regasification terminals in the country, at

Huelva Huelva (, ) is a city in southwestern Spain, the capital of the province of Huelva in the autonomous community of Andalusia. It is between two short rias though has an outlying spur including nature reserve on the Gulf of Cádiz coast. The rias ...

, Barcelona, Cartagena and Gijon. 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 most populous city of Spain. The city has almost 3.4 million inhabitants and a metropolitan area population of approximately 6.7 million. It is the second-largest city in the European Union (EU), and ...

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

Trans Adriatic Pipeline Trans Adriatic Pipeline (TAP) ( sq, Gazsjellësi Trans-Adriatik, el, Διαδριατικός Αγωγός Φυσικού Αερίου - ''Diadriatikós Agogós Fysikoú Aeríou'', it, Gasdotto Trans-Adriatico) is a natural gas pipeline p ...

(TAP) European project. The company was founded in 1972 by the

Spanish Government gl, Goberno de España eu, Espainiako Gobernua , image = , caption = Logo of the Government of Spain , headerstyle = background-color: #efefef , label1 = Role , data1 = Executive power , label2 = Established , da ...

with the aim of creating a nationwide network of gas pipelines. After

privatisation Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

in 1994,

Gas Natural Naturgy Energy Group S.A''.'', formerly ''Gas Natural Fenosa'' (), is a Spanish multinational natural gas and electrical energy utilities company, which operates primarily in Spain. The company's administrative headquarters are in Barcelona, while ...

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 securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies ...

Sociedad Estatal de Participaciones Industriales ''Sociedad Estatal de Participaciones Industriales'' (SEPI) is a Spanish state holding company that is characterized as a Sovereign wealth fund. It is controlled by the Ministry of the Treasury. SEPI was preceded by the Instituto Nacional de Ind ...

(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 shares of a corporation that are in the hands of public investors as opposed to locked-in shares held by promoters, company officers, controlling-interest inv ...

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 (; ca, Catalunya ; Aranese Occitan: ''Catalonha'' ; es, Cataluña ) is an autonomous community of Spain, designated as a ''nationality'' by its Statute of Autonomy. Most of the territory (except the Val d'Aran) lies on the north ...

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'').''TIGF, 2ème transporteur de gaz de France, devient Teréga''
(21 November 2021) Construction was to start 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 Hydrogen pipeline transport is a transportation of hydrogen through a pipe as part of the hydrogen infrastructure. History *1938 - Rhine-Ruhr The first hydrogen pipes that are constructed of regular pipe steel, compressed hydrogen pressure , di ...

References

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