Enagás Stock

Enagás, S.A. engages in the transportation, regasification, and storage of natural gas in Spain.

The company’s assets include approximately 8,000 kilometers of high pressure gas pipelines and three regasification plants, in Barcelona, Cartagena and Huelva, with a total LNG emission capacity of 4,350,000 cubic meters per hour and total LNG storage capacity of 1,437,000 cubic meters.

The company also owns an underground storage facility in Serrablo, Huesca. In addition the company was made the technical operator of the gas system. The company has three compressor stations with total installed power capacity of 440,567 HP.

The company is the owner of an underground storage facility at Serrablo, a natural gas field located between the municipalities of Jaca and Sabiñánigo (Huesca).

Segments

Gas transport: The company’s main activities consists of the movement of gas through its transport network, composed of gas pipelines for the primary (with maximum design pressure equal to or approximately 60 bars) and secondary (with maximum design pressure of between 60 and 16 bars) transport of gas to distribution points, as owner of most of the Spanish gas transport network.

Regasification: The gas is transported from producer countries in methane tankers at 160ºC below zero in liquid form (LNG) and is unloaded at the regasification plants, where it is stored in cryptogenic tanks. At these facilities, the temperature of the LNG is raised through a physical process, using saltwater vaporisers, transforming it into gas. The natural gas is then injected into gas pipelines and transported throughout the Spanish mainland.

Storage: Enagás, S.A. operates one underground storage facility: Serrablo, located between the towns of Jaca and Sabiñánigo (Huesca), owned by the company.

Technical system management

In 2006, Enagás, S.A. as technical system manager, continued to carry out the tasks entrusted to it under Royal Decree Laws, intended at guaranteeing the continuity and security of gas supply, and the co-ordination of access, storage, transport, and distribution points.

Purchase-sale of gas on the regulated market

The company serves the needs of the tariff market in accordance with the provisions of the Hydrocarbons Law.

Liberalised activities

These refer to all liberalised activities and transactions related to Group companies.