Enagas SA - Company Profile

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Business Description

Enagas SA (Enagas) is primarily engaged in the energy sector, focusing on the transmission, regasification, and storage of natural gas. The company operates a significant portion of the Spanish gas transmission network and is involved in the development of hydrogen infrastructure. Enagas serves industries related to energy transmission and storage, ensuring the continuity and safety of gas supply.

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R&D Overview

Enagas has undertaken R&D initiatives focused on promoting the energy transition through the development of renewable gas infrastructure, energy efficiency, optimal asset management, and digital transformation. The company has approved its 2025 Corporate Innovation Plan, which aims to address technological challenges associated with hydrogen and other molecules in the energy transition. The plan prioritizes research, development, and technological innovation in areas such as green hydrogen transport infrastructure, positioning in midstream businesses related to green ammonia and CO2 transport, and integrated asset management. The R&D unit of Enagas is highlighted by the Hydrogen Technology Observatory, which plays a crucial role in disseminating technical knowledge and promoting technological advances to accelerate the deployment of green hydrogen. The Observatory is responsible for monitoring the state of technologies, identifying future trends, anticipating technological evolution, and facilitating the exchange of best practices in technology and innovation. In FY2025, the company spent EUR1.2 million on R&D, which declined 2.7% YoY.

Business Segments

Overview

It encompasses both infrastructure activities and the role of the Technical System Manager. It’s gas transmission business consists of transportation of gas through the company’s transmission network for the primary and secondary transmission of gas to distribution points. The segment also engages in regasification activities and then transmits this regassified natural gas across the whole peninsula. It also operates underground storage facilities such as: Serrablo, Gaviota, and Yela.

Performance

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Overview

Engages in the development of hydrogen infrastructure, through Enagas Infraestructuras de Hidrogeno.

Performance

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Overview

Includes all activities both regulated and non-regulated, along with transactions related to investments in associates and joint ventures

Performance

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Overview

Includes all non regulated activities related to new energies such as biomethane, ammonia, and CO2. It carries out these activities through itself or through companies with an identical or analogous corporate purpose in which it holds interest.

Performance

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Overview

Includes all the assets and liabilities, along with income and expenses of companies that are not allocated to any specific business area.

Performance

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