Reganosa purchases stake in El Musel Regasification plant

In line with the settlement phrases, Enagás acquires the entire of the transmission community, which so far was owned by Reganosa and consists of 130 km of gasoline pipelines of 80 bar. This community is included within the Spine community and is essential to ensure the safety of provide in addition to the right functioning of the Iberian gasoline market. It connects to the LNG terminal of Mugardos and the Tui-Llanera gasoline pipeline in Guitiriz and Abegondo. It has three measuring stations, three regulation and measurement stations, and 13 valve positions. The transmission community brings pure gasoline on to the mixed cycle energy crops of As Pontes (800 MW) and Sabón (400 MW), to the refinery of A Coruña (120 000 bbl/d) and the cities of As Pontes and Cerceda.

As well as, Reganosa has given Enagás its place as promoter of the hydrogen pipeline between Guitiriz (Lugo) and Zamora, candidate for challenge of widespread curiosity (PCI). Enagás, for its half, undertakes to advertise the event of this transmission infrastructure and its connection to the interconnection with Portugal, making certain the total integration of renewable hydrogen manufacturing within the space with the longer term hydrogen corridors within the Iberian Peninsula, with the purpose of it turning into operational by 2030. Enagás will promote and provides continuity to the processing of this infrastructure as PCI and can have the assist of Reganosa to expedite its approval. The settlement favours the creation of a giant power hub within the north-west of the peninsula, which is able to reinforce Spain’s position because the hub for renewable hydrogen in Europe.

For its half, Reganosa enters the shareholding with a 25% of the El Musel Terminal in Gijon, which till now was solely the property of Enagás and which has a storage capability of 300 000 m³ of LNG, shared between two tanks of 150 000 m³ every. It additionally has mooring and unloading installations designed for the most important methane vessels on the planet, the QMAX of as much as 266 000 m³.

The El Musel terminal, as contemplated within the Authorities’s Plan for Extra Power Safety, is able to be put into operation for logistical use quickly, as soon as the present administrative procedures are accomplished. As soon as in operation, it may present as much as 8 billion m³/y of LNG to strengthen Europe’s power safety of provide.

This settlement reinforces each firms, permitting to benefit from their synergies and work collectively on new prospects for collaboration to strengthen safety of provide and progress with the decarbonisation targets of Spain and Eu-rope.

Arturo Gonzalo, Enagás CEO, mentioned: “It is a historic settlement that reinforces the technique of each firms and strengthens the Spanish Fuel System. The settlement may even contribute to strengthen the terminal’s potential of the El Musel and promotes our funding plan in Galicia.”

“There are a lot of synergies between the 2 firms and this operation makes us higher ready to face the challenges we’ve forward of us similar to persevering with to ensure the power provide in Spain and Europe and contribute to decarbonisation. On this line, this alliance can also be a lift to Spain’s position as a hub for renewable hydrogen in Europe. Collectively, Reganosa and Enagás, will proceed to discover new prospects for collaboration.”

“The general public-private collaboration and the cooperation between firms are within the origin of Reganosa, are a part of its DNA. That is yet another instance, a historic one,” added Emilio Bruquetas, the Basic Director of Reganosa. “We’re proud to have the ability to contribute, along with Enagás, to the event of the north-west of the peninsula, to the strengthening of the Spanish power system, to growing safety of provide and to attaining the targets of decarbonisation of the financial system.”

“The north-east of Spain has distinctive situations for the manufacturing of inexperienced hydrogen and biogas. This alliance strengthens the longer term, lays the foundations for all the important thing infrastructures within the improvement of renewable gases to be constructed and function on the service of the system,” Bruquetas concluded.

Learn the article on-line at: https://www.lngindustry.com/regasification/02032023/reganosa-purchases-stake-in-el-musel-regasification-plant/