Enagás, S.A. (EG4)

Profile

https://www.enagas.es/es/

Enagás, S.A. is a Spanish energy company serving as the nation's primary transmission system operator for natural gas. It owns and operates an extensive high-pressure gas pipeline network spanning approximately 11,000 miles, along with regasification terminals in Huelva, Barcelona, Cartagena, and Gijón, plus stakes in facilities in Bilbao and Sagunto. The company handles the transmission, storage, and regasification of natural gas, ensuring security of supply across Spain with international connections to France, Morocco, and Portugal. Headquartered in Madrid and founded in 1972, Enagás has evolved into an international player with operations in Mexico, Peru, Chile, Sweden, and involvement in the Trans Adriatic Pipeline project. Certified as an independent TSO by the European Union, it also acts as the Technical Manager of Spain's gas system and is positioned as a provisional Hydrogen Transmission Network Operator. With a focus on decarbonisation, Enagás targets Net Zero emissions by 2040 for scopes 1 and 2, contributing to Europe's energy transition through hydrogen infrastructure projects like the Spanish Hydrogen Backbone Network. Listed on the Ibex 35 since 2002 with a 90% free float, it plays a pivotal role in the utilities sector, emphasizing regulated infrastructure and technical management.