Enagás becomes partner of Hanseatic Energy Hub

Enagás has announced it has become partner and co-shareholder of the Hanseatic Energy Hub (HEH). The Spanish transmission system operator has been chosen as its industrial partner for the operation of the terminal at the Stade industrial park, Germany. Enagás will contribute its experience in the development and operation of new infrastructures.

The previous minority shareholder Fluxys will sell its shares due to a refocusing.

Arturo Gonzalo, CEO of Enagás says: ‘This new agreement is an important milestone in meeting the European objectives of security of supply and decarbonisation, and a relevant step forward in the company's compliance with its strategic plan. Enagás will contribute with its experience in the development of a hydrogen ready infrastructure that will be key for Germany.’

The planned investment volume for the terminal by HEH is around one billion euros. Back in April, HEH commissioned a consortium led by global EPC specialist Técnicas Reunidas S.A. to develop the land-based terminal for liquefied gases, subject to HEH´s final investment decision. Other consortium partners are the FCC Group and Entrade GmbH.