Enagas holds General Shareholders’ Meeting

The Chairman of Spanish LNG operator Enagás, Antonio Llardén, today presided over the General Shareholders’ Meeting, which approved the financial statements, the 2014 management report and all resolutions on the agenda.

Antonio Llardén pointed out that in 2014 Enagás met all its stated commitments for the eighth consecutive year, “thanks to the company’s efforts to adapt to the new economic context at the national and international level”.

The CEO stated that Enagás reported net profit of €406.5 million in 2014, in a year marked by two milestones: the gas reform, aimed at reducing the final price of energy in Spain and increasing the competitiveness of Spanish companies, and the company’s international expansion.

The goal for 2015, according to Llardén, is to deliver 0.5% growth in net profit. Enagás also plans to invest €4305Mn, of which approximately 50% is earmarked for regulated assets in Spain and the remaining 50% for international projects, in line with the company’s new strategic plan.

Image:  Enagás