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HomeLatest NewsEnagás agrees to the entry of Reganosa in El Musel in exchange...

Enagás agrees to the entry of Reganosa in El Musel in exchange for its gas pipelines

Date: March 22, 2023 Time: 21:20:50

25% of the El Musel Regasification Plant (Gijón). Enagás will also be in charge of developing the Guitiriz-Zamora hydroduct before 2030, when it should come into service, and facilitate new synergies in the Galician gas network.

The agreement reached today includes the sale of the 130 kilometers of pipes that make up the Reganosa network to Enagás for 54 million euros. For its part, the Galician manager will buy 25% of the El Musel regasification plant for 95 million, and will give up its position as promoter of the new hydrogen pipeline between Guitiriz (Lugo) and Zamora, which is part of the new network designed by the Government of Spain and which it intends to build with European funding.

The Reganosa network is included in the Enagás backbone network, it is made up of 80-bar pressure gas pipelines and is key to the Iberian market, as it connects with the liquefied natural gas terminal in Mugardos (A Coruña) and with the gas pipeline Tui-Llanera in Guitiriz and Abegondo. It also supplies natural gas to the As Pontes (800 MW) and Sabón (400 MW) combined cycle plants, to the A Coruña refinery (120,000 barrels per day) and to the towns of As Pontes and Cerceda.

For its part, the entry of Reganosa in the capital of El Musel occurs before its start-up, pending confirmation in the absence of some administrative procedures. This facility was 100% owned by Enagás and has a storage capacity of 300,000 m3 of LNG, divided into two tanks of 150,000 m3 each. Allow the berthing of the largest methane tankers, with up to 266,000 m3 of capacity. Once commissioned, it will be able to contribute up to 8,000 cubic meters of liquefied natural gas per year (8 bcm), reinforcing Europe’s energy supply.

Regarding the new hydroduct to be developed, Enagás is committed to building it and connecting it with Portugal, guaranteeing the integration of renewable hydrogen production with future hydrogen corridors in the Iberian Peninsula. The agreement “contributes to reinforcing the potential of the El Musel plant and favors our investment plan in Galicia,” according to Arturo Gonzalo, CEO of Enagás.

“Together, Reganosa and Enagás, we are going to continue exploring new collaboration possibilities,” he stated in the note sent. “Public-private collaboration and cooperation between companies are in the genesis of Reganosa, they are part of its DNA. This is one more example of this, a historical one”, pointed out the CEO of Reganosa, Emilio Bruquetas. The operation is subject to the approvals and conditions precedent of this type of operation.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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