Enagás buys the entire gas pipeline network of the Galician Reganosa for 54 million

Enagás has taken over the entire gas pipeline network of the Galician company Reganosa for an amount of 54 million euros and assumes the position of promoter of the hydroduct between Guitiriz (Lugo) and Zamora, as communicated this Tuesday to the National Commission of the Stock Market (CNMV).

Thomas Osborne
Thomas Osborne
28 February 2023 Tuesday 08:26
53 Reads
Enagás buys the entire gas pipeline network of the Galician Reganosa for 54 million

Enagás has taken over the entire gas pipeline network of the Galician company Reganosa for an amount of 54 million euros and assumes the position of promoter of the hydroduct between Guitiriz (Lugo) and Zamora, as communicated this Tuesday to the National Commission of the Stock Market (CNMV).

This agreement also includes the purchase by Reganosa of 25% of the regasification plant in El Musel (Gijón) for 95 million euros, through an operation that reinforces the Spanish gas system and makes it possible to take advantage of the synergies between the two to contribute to security of supply.

Pursuant to the agreed terms, Enagás takes over the entire transmission network that until now was owned by Reganosa, which consists of 130 kilometers of 80-bar pressure gas pipelines and is included in the Main Network, being key to guaranteeing the proper functioning of the Iberian gas market.

Specifically, it connects with the Mugardos liquefied natural gas (LNG) terminal, and with the Tui - Llanera gas pipeline in Guitiriz and Abegondo; It has three measurement stations, three regulation and measurement stations, and thirteen valve positions.

The transportation network delivers natural gas directly to the combined cycle plants of As Pontes (800 megawatts -MW-) and Sabón (400 MW), to the A Coruña refinery (120,000 barrels/day), and to the towns of As Pontes and Cerceda.

In addition, Reganosa cedes to Enagás its position as promoter of the hydroduct between Guitiriz (Lugo) and Zamora, a candidate to receive the status of project of common interest from the European Union.

In exchange, Enagás undertakes to promote this transport infrastructure and its connection to the interconnection with Portugal, guaranteeing the full integration of renewable hydrogen production in the area with future corridors of this vector in the Iberian Peninsula, with the aim of to come into operation in 2030.

In a press release, Enagás explains that this pact favors the creation of a large energy "hub" in the northwest of the peninsula, which in turn reinforces Spain's role in Europe's renewable hydrogen.

For its part, Reganosa enters with a 25% stake in the El Musel plant, which until now was owned solely by Enagás.

The Government has announced that this infrastructure will come into operation soon to reinforce Europe's supply capacity, since it has a storage capacity of 300,000 cubic meters (m3) of LNG, divided into two tanks of 150,000 m3 each, and with berthing and unloading facilities designed for the largest methane tankers in the world.