Enagás and Reganosa have sealed their historic alliance. This transformative agreement involves Enagás’s acquisition of Reganosa’s 130-kilometer gas pipeline network for approximately 54 million euros, coupled with the acquisition of a 25% stake in the El Musel regasification plant in Gijón for 95 million euros. The regasification facility will undergo a renaming to E-Hub as it embarks on a new era of energy transformation.
The implications of this transaction extend far beyond the balance sheet. It sets the stage for the creation of a significant energy hub in Northwestern Spain, bolstering Spain’s position as a hub for renewable hydrogen within Europe. The region is poised to integrate the production of renewable hydrogen with future hydrogen corridors in the Iberian Peninsula.
Enagás’s acquisition encompasses Reganosa’s entire transportation network, which comprises 130 kilometers of 80-bar pressure gas pipelines. This infrastructure plays a pivotal role in guaranteeing the security of supply and the efficient operation of the Iberian gas market. The network interconnects with the Mugardos LNG terminal and the Tui-Llanera gas pipeline in Guitiriz and Abegondo. It includes three measuring stations, three regulation and measurement stations, and thirteen valve positions. This network directly supplies natural gas to critical facilities such as the combined cycle plants of As Pontes and Sabón, the A Coruña refinery, and local towns.
Reganosa’s transfer of its role as the promoter of the hydroduct between Guitiriz (Lugo) and Zamora to Enagás is particularly significant. This project is a candidate for a Project of Common Interest (PCI) under the European Union. Enagás is committed to advancing the development of this transport infrastructure, including its connection to the interconnection with Portugal, with Reganosa’s support to expedite approvals. The Guitiriz-Zamora hydroduct is a pivotal element in the Spanish hydrogen backbone network, highlighting Spain’s dedication to renewable hydrogen transport infrastructure.
Reganosa’s 25% stake in the Musel E-Hub represents a significant move in the decarbonization journey. This regasification plant, previously fully owned by Enagás, boasts a substantial storage capacity of 300,000 cubic meters of LNG, distributed across two tanks. Designed to accommodate the largest LNG tankers globally, the Q-max, with capacities of up to 266,000 cubic meters, it’s a formidable asset in the renewable energy ecosystem.
Arturo Gonzalo, CEO of Enagás, emphasized the transformative nature of this operation for the Spanish gas system. It not only strengthens both companies but also positions them to leverage synergies in promoting Northwestern Iberia as an energy hub in Europe. Additionally, it opens the door to new collaborative opportunities to enhance supply security and advance decarbonization objectives.
Emilio Bruquetas, General Director of Reganosa, envisions this alliance as the cornerstone of energy development in Northwestern Spain, an area ripe for the production of green hydrogen and biogas. He emphasized the strategic importance of laying the foundations for critical infrastructure supporting the development of renewable gases.
The Enagás and Reganosa alliance signifies a seismic shift in Spain’s energy landscape, underlining the nation’s commitment to renewable energy, hydrogen, and sustainability. It’s a testament to the power of collaboration and strategic acquisitions in advancing energy transformation.