The Spanish gas transmission system operator (TSO) Enagas has released its 2024 results and its 2025-2030 Strategic Update. The group plans to invest €4,035m (US$4.2bn) through 2030, of which €3,125m (US$3.3bn) will be allocated to the deployment of renewable hydrogen infrastructure. Enagas has already completed the conceptual design of the Spanish Hydrogen Backbone, secured funding from the Connecting Europe Facility (CEF) for the project and plans to adopt the final investment decision (FID) at the end of 2027. It has also presented four new sections for this Backbone to the second call for PCI: this extension would involve an additional 1,480 km of hydrogen pipelines, with an estimated gross investment of €2,135m (US$2.2bn) after 2030.
In addition, Enagas has decided to set up Scale Green Energy, a subsidiary dedicated to the development of other infrastructure and services for decarbonisation in areas such as CO2, LNG and BioLNG bunkering, renewable hydrogen for mobility and green ammonia. It will focus on the development of pipelines, liquefaction terminals and CO2 transport vessels, as well as promoting the creation of logistics hubs around LNG terminals.
Enagas expects its gas infrastructures to continue to play a crucial role, with gas-fired power plants used to smooth peaks in electricity demand due to greater variability from renewables, the nuclear phase-out plan and data centre consumption.