Carlos Schwartz | Natalia Fabra is a director of Enagás and chair of the European programme “CURRENT TOOLS AND POLICY CHALLENGES IN ELECTRICITY MARKETS”. Q:There seems to be a shift in thinking about pricing mechanisms in the energy sector at the moment. A: Yes, it is part of the paradigm shift. It has been realised that, in the case of the electricity market, it is not correct to remunerate power…
Link Securities | Enagás has signed a strategic cooperation agreement with AlbGaz, involving its potential entrance as a stake holder in the operator of Albania’s gas transport system. The two entitities will also study joint projects within the Albanian and European regulatory frameworks, and in line with the Albanian government’s directives, according to Europa Press. The agreement has been signed in Tirana (Albania) by Enagás’ CEO Arturo Gonzalo Aizpiri and…
Sabadell | ENAGAS Sell (T.P. 20,13 €/share) On Thursday, after the meeting between Spanish Prime Minister P. Sánchez and German Chancellor O. Scholz, where they defended the need to increase interconnections in Europe, the French Economy and Finance Minister, B. Le Maire replied that he will take a look at the MidCat project. Up to now, France had opposed MidCat, alleging it would be a project which would take too…
Morgan Stanley | Enagás’ recent Capital Markets Day (CMD) was a disappointment for investors. A poor growth outlook, limited capital comitment which demonstrates this, and a lack of protection against inflation in Spanish regulated assets. Despite its recent poor performance and the temptation to get rid of the shorts, I still believe that Enagas is an appropriate relative UW in the sector.
Morgan Stanley | Enagas will present its strategic plan 2022-2030 this week. We are not very positive ahead of this presentation as we expect the company will flag the potential growth in hydrogen. This is something which we believe is very long-term and seems already to be reflected in the price at 20 euros/share. Meanwhile the visibility with regard to financing is very limited. In the most optimistic scenario the…
Endesa, Enagás and Mapfre are the three Spanish companies that offer the highest dividend yield, 9.7%, 9.5% and 7.5%, respectively. According to the analysis prepared by the Organization of Consumers and Users (OCU), and reported by the Europa Press agency, these three companies are followed by Red Eléctrica, Naturgy and Zardoya-Otis, with a yield of over 5%.
Enagás and Naturgy will work together to develop the largest hydrogen plant in Spain in León. The aim will be to produce up to approximately 9,000 tons per year of renewable hydrogen from a 400 MW photovoltaic plant and an electrolyzer of up to 60 MW. The energy generated will not only be used to cover local consumption, but will also be injected into the gas network and be an option for future export to northwestern Europe.
Spain does not want to be left behind in the area of renewable hydrogen, currently the most efficient technological solution for storing and transporting energy. The government has already launched a consultation of its ‘Hydrogen Roadmap’. The draft includes 57 measures to prepare the regulatory framework and sets targets for 2030 such as reaching an installed capacity of 4 GW, which represents 10% of the target set by the European Commission for the whole of the EU.
The European Union has given Enagás the green light to develop 15 refueling stations for LNG vehicles and one for hydrogen. This move is within the framework of the ‘ECO-net’ project, coordinated by the Spanish energy company. The project has a global budget of approximately 13 million euros. These supply points – the hydrogen one will be the first in Spain at 700 bar pressure – will be distributed along the Spanish corridors of the Trans-European Transport Network.
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.