Spain: Enagas to Invest EUR 2.1 Bil in 2013-2015 Period

Enagás will invest €2.1Bn in the 2013-2015 period, as stated by the company at the presentation of its Strategic Plan update.

Enagás’ strategy for the coming years will continue to prioritise the regulated asset business in Spain, where there is still room for investing in infrastructure that contributes to reinforcing supply security, such as the regasification plants in the Canary Islands.

Moreover, the company will continue with the internationalisation process that it began in 2011. The strategic focuses will be as follows:

1. Capitalise on Enagás’ experience as a TSO (Transmission System Operator) in order to take positions in the integration of the European gas market, through alliances and minority stakes in different projects.
2. Reinforce Enagás’ position as a global specialist in LNG regasification, bringing out the value of the company’s knowledge and experience in this activity.
3. Develop natural gas infrastructures in markets with growth and regulatory stability, such as Mexico and Chile, where Enagás is already present.

[mappress]
LNG World News Staff, February 26, 2013; Image: Enagas