BAKU, Azerbaijan, Oct.28
By Leman Zeynalova – Trend:
Spanish Enagas, shareholder of the Trans Adriatic Pipeline (TAP) project, has completed the placement of 12-year bonds worth 500 million euros, Trend reports citing the company.
It is the issue with the lowest interest rate achieved by the Spanish company over 10 years or more.
The company, which had no significant maturities until 2022, has taken the advantage of favorable market conditions to finance itself at a historically low rate.
With 50 years’ experience, Enagás is an international standard bearer in the development, operation and maintenance of gas infrastructures. It is accredited as an independent TSO by the European Union and carries out its activities in eight countries.
In Mexico, the company holds a stake in the TLA Altamira regasification plant, is a member of the consortium that built and now operates the Morelos gas pipeline and a member of the consortium that developed the Soto La Marina compressor station, in operation now. It is also the main shareholder of Quintero LNG terminal in Chile and holds stakes in Transportadora de Gas del Perú (TgP) and Compañía Operadora de Gas del Amazonas (Coga) in Peru.
Enagás is also involved in the construction of the Trans Adriatic Pipeline (TAP), which will bring gas to Europe from the Caspian Sea linking Greece, Albania and Italy. The company is part of the consortium that has acquired 66 percent of the Greek gas operator DESFA as well.
Furthermore, the company has a stake in Tallgrass Energy, a US energy infrastructure company that owns, among other assets, 11,000 km of transmission pipelines.
Enagás is Spain’s leading natural gas transmission company and Technical Manager of the Spanish gas system. It has 11,000 Km of gas pipelines, three underground storage facilities in Serrablo (Huesca), Gaviota (Vizcaya) and Yela (Guadalajara) and four regasification plants in Barcelona, Huelva, Cartagena and Gijón. It also owns 50 percent of the BBG regasification plant in Bilbao and 72.5 percent of the Sagunto plant.
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