Enagás

Enagás

Infobox Company
company_name = Enagás, S.A.
company_
company_type = Public
foundation = 1975
location = Madrid, Spain
key_people = Antonio Llardén Carratalá (Chairman of the board and CEO)
industry = Energy
products = Storage and transportation of natural gas
revenue = €689.1 million (2005)
num_employees = 907
homepage = http://www.enagas.com

Enagás, S.A. ("Empresa Nacional del Gas"), (BMAD|ES0130960018|ENG) is a Spanish energy company which owns and operates the nation's gas grid. The company was founded in 1975 by the Spanish Government with the aim of creating a nationwide network of gas pipelines. After privatisation in 1994, Gas Natural acquired a controlling stake in the company. However since demerging Enagás in 2002, Gas Natural has gradually decreased its stake in the company to 5%, which will be the maximum allowed for any shareholder by the Government after December 30, 2006 [http://www.sharewatch.com/story.php?storynumber=179985] . As of September 2006, approximately 70% of the company's shares are on the open market. The chairman is Antonio Llardén Carratalá and the firm's headquarters are located in Madrid.

External links

* [http://www.enagas.com Enagás Official Website]


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