- The 2022-2030 Strategic Plan includes a €4.775 billion investment.
- The plan targets 2% annual EBITDA growth from 2022-2030 and 4% from 2026-2030.
- Key investments include €1.78 billion in gas and hydrogen infrastructure and €600 million in international projects.
- The company aims for carbon neutrality by 2040, with significant reductions in CO2 emissions.
Investment and Growth
Enagás has unveiled its 2022-2030 Strategic Plan, committing to a €4.775 billion investment. The plan aims for a 2% annual EBITDA growth from 2022-2030, increasing to 4% from 2026-2030. Key investments include €1.78 billion in gas and hydrogen infrastructure and €600 million in international projects.
Strategic Focus
The plan focuses on four growth pillars: gas and hydrogen infrastructures, innovation and digitalisation, international development, and renewable projects through Enagás Renovable. The company aims to enhance energy security and drive decarbonisation in Spain and Europe.
Hydrogen and Renewable Energy
Enagás is positioning itself as a leading hydrogen network operator by 2030, with significant investments in hydrogen-ready infrastructure. The company is involved in the European Hydrogen Backbone initiative, which aims to reuse 60-75% of natural gas infrastructure for hydrogen. Enagás plans to invest €690 million in dedicated renewable hydrogen infrastructures by 2030.
Regulatory and Financial Outlook
The first part of the plan (2022-2026) operates under a stable regulatory framework, with new regulations for renewable gas networks expected from 2027. Enagás forecasts a net profit of €380-390 million for 2022, supported by asset sales and strategic investments.
Sustainability Goals
Enagás aims for carbon neutrality by 2040, with a decarbonisation pathway aligned with a 1.5ºC temperature increase scenario. The company has already reduced its CO2 emissions by 54% between 2014 and 2021 and plans further reductions in Scope 3 indirect emissions by 2030 and 2040.
