Enagás raises stake in HEH consortium to 15% and will take over management of Stade LNG plant
Banc Sabadell| Enagás (ENG) announced at the AGM that it will consolidate its presence in Germany by increasing its stake in the Hanseatic Energy Hub (HEH) consortium from 10% to 15%, where Enagás will assume the technical management of the construction of the Stade LNG plant (scheduled to come online in 2027). The total investment volume of the project amounts to around €1.6 billion (€1 billion for construction). Assessment: Low…