| Type | Sociedad Anónima |
|---|---|
| Traded as | BMAD: ENG |
| Industry | Energy industry |
| Founded | 1975 |
| Headquarters | Madrid, Spain |
| Key people | Antonio Llardén Carratalá (Chairman and CEO) |
| Products | Storage and transportation of natural gas |
| Revenue | €1.001 billion (2010)[1] |
| Operating income | €530.9 million (2010)[1] |
| Profit | €333.5 million (2010)[1] |
| Total assets | €6.829 billion (end 2010)[1] |
| Total equity | €1.736 billion (end 2010)[1] |
| Employees | 1,050 (end 2010)[1] |
| Website | www.enagas.com |
Enagás, S.A. (Empresa Nacional del Gas) is a Spanish energy company which owns and operates the nation's gas grid. The firm also owns and operates three liquefied natural gas regasification terminals in the country,[2] at Huelva, Barcelona and Cartagena.[3] A fourth, at the port of El Musel, is currently being constructed and is scheduled to open in 2011.[4] The chairman of Enagás is Antonio Llardén Carratalá and the firm's headquarters are located in Madrid.
The company was founded in 1975 by the Spanish Government with the aim of creating a nationwide network of gas pipelines. After privatisation in 1994, Gas Natural acquired a controlling stake in the company. However since demerging Enagás in 2002, Gas Natural has gradually decreased its stake in the company to 5%, which has been the maximum allowed for any shareholder by the Government after 30 December 2006.[5] The state-owned holding company Sociedad Estatal de Participaciones Industriales (SEPI) also holds 5% of Enagás.[5] As of the end of 2007, approximately 70% of the company's shares are on the open market.