Enagás

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Enagás, S.A.
Type Sociedad Anónima
Traded as BMADENG
Industry Energy industry
Founded 1975
Headquarters Madrid, Spain
Key people Antonio Llardén Carratalá (Chairman and CEO)
Products Storage and transportation of natural gas
Revenue €1.001 billion (2010)[1]
Operating income €530.9 million (2010)[1]
Profit €333.5 million (2010)[1]
Total assets €6.829 billion (end 2010)[1]
Total equity €1.736 billion (end 2010)[1]
Employees 1,050 (end 2010)[1]
Website www.enagas.com

Enagás, S.A. (Spanish pronunciation: [enaˈɣas], originally an initialism for Empresa Nacional del Gas) is a Spanish energy company which owns and operates the nation's gas grid. The firm also owns and operates three liquefied natural gas regasification terminals in the country,[2] at Huelva, Barcelona and Cartagena.[3] A fourth, at the port of El Musel, is currently being constructed and is scheduled to open in 2011.[4] The chairman of Enagás is Antonio Llardén Carratalá and the firm's headquarters are located in Madrid.

The company was founded in 1975 by the Spanish Government with the aim of creating a nationwide network of gas pipelines. After privatisation in 1994, Gas Natural acquired a controlling stake in the company. However since demerging Enagás in 2002, Gas Natural has gradually decreased its stake in the company to 5%, which has been the maximum allowed for any shareholder by the Government after 30 December 2006.[5] The state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI) also holds 5% of Enagás.[5] As of the end of 2007, approximately 70% of the company's shares are on the open market.

References[edit]

  1. ^ a b c d e f "Annual Report 2010". Enagás. Retrieved 2010-04-11. 
  2. ^ Roberts, Martin (7 April 2008). "World's biggest LNG tanker unloads at Enagas plant". Reuters. Retrieved 2008-12-31. 
  3. ^ "Gas Transmission: Infrastructure". Enagás. Retrieved 2008-12-31. 
  4. ^ Webb, Jason; Ortiz, Joe (30 May 2008). "Enagas sees extra 2.2 to 3 bln euros investment". Reuters. Retrieved 2008-12-31. 
  5. ^ a b "About us: Introduction". Enagás. Retrieved 2008-12-31. 

External links[edit]