Latest news with #Enagas
Time of India
22-07-2025
- Business
- Time of India
Europe's hydrogen infrastructure faces 2-3 year delay, Enagas CEO says
Madrid: The deployment of pipes and other infrastructure to ship hydrogen across Europe faces delays of two or three years, the head of Spanish gas grid operator Enagas said on Tuesday. The firm is among the staunchest supporters of the green hydrogen industry , which uses renewable energy for its production. Earlier this year, Enagas pledged to invest more than 4 billion euros by the end of the decade, mostly to diversify into managing a network of hydrogen infrastructure. It plans to build a 2,600 km (1,615 mile) hydrogen network in Spain to be connected to the planned trans-European H2Med corridor aimed at connecting the Iberian region with northwest Europe. Enagas still expects the Spanish network to be ready by 2030. However, at the European level delays of two or three years are likely, Chief Executive Arturo Gonzalo said. "Are there delays in Europe? I would say delays of a very limited member states are setting the launch date for their hydrogen infrastructures between 2030 and 2032," he said.
Zawya
22-07-2025
- Business
- Zawya
Europe's hydrogen infrastructure faces 2-3 year delay, Enagas CEO says
MADRID - The deployment of pipes and other infrastructure to ship hydrogen across Europe faces delays of two or three years, the head of Spanish gas grid operator Enagas said on Tuesday. The firm is among the staunchest supporters of the green hydrogen industry, which uses renewable energy for its production. Earlier this year, Enagas pledged to invest more than 4 billion euros by the end of the decade, mostly to diversify into managing a network of hydrogen infrastructure. It plans to build a 2,600 km (1,615 mile) hydrogen network in Spain to be connected to the planned trans-European H2Med corridor aimed at connecting the Iberian region with northwest Europe. Enagas still expects the Spanish network to be ready by 2030. However, at the European level delays of two or three years are likely, Chief Executive Arturo Gonzalo said. "Are there delays in Europe? I would say delays of a very limited member states are setting the launch date for their hydrogen infrastructures between 2030 and 2032," he said. That's beyond the 2030 target for H2Med to be operational.
Reuters
22-07-2025
- Business
- Reuters
Europe's hydrogen infrastructure faces 2-3 year delay, Enagas CEO says
MADRID, July 22 (Reuters) - The deployment of pipes and other infrastructure to ship hydrogen across Europe faces delays of two or three years, the head of Spanish gas grid operator Enagas said on Tuesday. The firm is among the staunchest supporters of the green hydrogen industry, which uses renewable energy for its production. Earlier this year, Enagas pledged to invest more than 4 billion euros by the end of the decade, mostly to diversify into managing a network of hydrogen infrastructure. It plans to build a 2,600 km (1,615 mile) hydrogen network in Spain to be connected to the planned trans-European H2Med corridor aimed at connecting the Iberian region with northwest Europe. Enagas still expects the Spanish network to be ready by 2030. However, at the European level delays of two or three years are likely, Chief Executive Arturo Gonzalo said. "Are there delays in Europe? I would say delays of a very limited member states are setting the launch date for their hydrogen infrastructures between 2030 and 2032," he said. That's beyond the 2030 target for H2Med to be operational.
Reuters
22-07-2025
- Business
- Reuters
Spain's gas demand soars as power plants burn more since blackout
MADRID, July 22 (Reuters) - Spain has increased the amount of gas it burns to produce electricity as its power grids rely more on conventional gas-fired plants since a major blackout on April 28, gas grid operator Enagas ( opens new tab said on Tuesday. Conventional power plants like gas-fired combined cycle plants provide more stability to the grid's voltage than renewable sources such as wind farms and photovoltaic panels. As a result, overall national gas demand rose 5.6% in the first half of the year, boosted by a 41.2% increase in demand to generate electricity, Enagas said. Gas exports also rose in the period, in particular flows to France to fill its underground storage. Spain does not produce natural gas but re-exports gas shipped from producers such as the United States, Qatar and Russia to other European countries. "Gas infrastructure plays a critical role in ensuring the security of the energy and electricity system and enabling the energy transition in Spain and Europe," Enagas Chief Executive Arturo Gonzalo said on Tuesday. Spain's own underground gas storage facilities are over 75% full, he said, adding that this is above the 64% minimum the European Commission set for July 2025.
Reuters
22-07-2025
- Business
- Reuters
Spain's Enagas swings to first-half net profit
MADRID, July 22 (Reuters) - Spanish gas grid operator Enagas ( opens new tab said on Tuesday it booked a net profit of 176 million euros ($205.66 million) in the first half of the year, helped by gains from a disposal and the upwards revision of the amount it was awarded in an arbitration on an investment in Peru. In the same period last year, the company had a loss of 211 million euros, dragged by a capital loss on the sale of an asset in the U.S. The company said it is on track to achieve its profit target for the year. ($1 = 0.8558 euros)
