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enagas

enagas factory

Ibex, Markets 6th July 2020

Enagás And BP Join Forces To Boost Promotion Of LNG And CNG In Transport And Renewable Gases

Enagás and BP Oil España have signed an agreement to promote emission reduction projects in Spain. Their objective is to boost the role of renewable gases in the energy mix, helping to reduce the carbon footprint. So Enagás, through its subsidiary Scale Gas, will roll out LNG and CNG sale points in BP’s filling stations’ network, promoting the use of a low emission energy source as fuel in the automotive sector.

The Spanish Ministry of Ecological transition hinders REE and Enagas growth via acquisitions

Ibex, Markets 14th February 2020

The Ministry of Ecological Transition Hinders REE And Enagás’ Growth Via Acquisitions

The Ministry for Ecological Transition plans to make changes to the law which will affect Red Eléctrica and Enagás, operators of Spain’s electricity and gas networks, respectively. According to press reports, the two companies, each with a stake of public capital, will be obliged to inform the competition supervisor (CNMC) of any interest they have in acquisitions (now they are not required to do so). The CNMC will not have the right of veto, but it will impose conditions on its approval.

Enagas

Ibex 24th October 2019

Enagas: modest results (NAP +2%) but slightly above the consensus

The Spanish gas company presented its results for the first nine months. These are the main figures: Total income 884 M€ (-1.3%), EBITDA in book value 767 M€ (+6.9%). Net Annual Profit 333 M€ (+2.3%), Operational Cash Flow 775 M€ (+17) and Net Debt 4.234 Bn€ (vs 3.623 Bn€ in December 2018).

enagas increase holding in Tallgrass

Ibex 31st August 2019

Enagas wants to increase its holding in Tallgrass to 25%

Sabadell | Blackstone Infrastructure Partners (29% Enagas) has launched a non-binding offer to increase its holding in the US Tallgrass from 44% to 100%, which would mean that Enagas would go from 12.5% to 25% indirect if it decides to participate, which has still not been decided.

Ministry of Ecological Transition answers CNMC

Ibex 13th August 2019

After the response of the Ministry of Ecological Transition, Enagas and REE remain underweight

Santander Corporate & Investment | The Ministry of Ecological Transition has published its response to the regulator´s (CNMC) proposals for changes to the rules on the gas and electricity transportation and distribution networks and gas storage installations. Based on the four documents presented in CNMC before the 9 August deadline, the Ministry values the regulator´s proposals favourably.