Spain's Enagas to set up renewable gas unit

Gas pipelines

October 22 (Renewables Now) - Spain’s Enagas SA (BME:ENG) has given the go-ahead to the establishment of EnaGasRenovable, a subsidiary that will focus on renewable gas projects, such as biomethane and green hydrogen solutions.

The energy company and gas grid operator said Tuesday the new unit will take on its renewable gas projects that are currently in development, such as Power to Green Hydrogen Mallorca, and other agreements with waste managers in a bid to promote biomethane and the circular economy.

Existing gas infrastructure is technically equipped to transport and store renewable gas, Enagas noted.

The company presented this morning its financial results for the first nine months of 2019, saying that total demand for natural gas in Spain increased by 16.9% year-on-year to reach 294 TWh. Demand for natural gas to produce electricity swelled by 99% on the year to 85 TWh, thanks to competitive prices compared to coal, and a lower hydropower output.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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