Enagás Advances Strategic Plan with Asset Sales

Enagas SA (ES:ENG) has released an update.

Enagás SA has progressed in executing its Strategic Plan, selling off significant stakes in non-core assets, including 30.2% of Tallgrass Energy for $1.1 billion and 50% of Soto La Marina for $16 million, to focus on investment in hydrogen and financial stability. The company began constructing an LNG terminal in Germany and reported a decrease in operating expenses by 5.2%, adhering to its commitment to controlling costs. Additionally, Enagás is actively participating in Spain’s renewable energy and hydrogen production initiatives, aligning with national energy transition goals.

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