Energy goes on a long journey from the point the natural gas is extracted from the gas fields to the moment it reaches the end user. Gas Natural Fenosa has a number of hydrocarbon exploration, research, development, production and transportation projects in place across the globe.
Supply activities comprise the purchase of natural gas in its gaseous state as well as in the form of liquefied natural gas (LNG). In the first case, the gas is transported by pipeline and in the second, by ship. The regasification and liquefaction plants are responsible for changing the gas from one state to the other to facilitate its transport and reintroduction to the gas system. Thanks to the management of gas pipelines, the share in plants and its fleet of methane tankers, the company can meet the requirements of the group’s different businesses in a flexible and diversified manner.
The company has an LNG and natural gas supply portfolio of around 30 bcm and a fleet of 11 methane carriers (seven Gas Natural Fenosa carriers, two Unión Fenosa Gas carriers and two carriers jointly owned with Repsol, managed by Repsol Natural Gas - LNG - Stream), which makes it one of the largest LNG operators in the world and a benchmark in the Atlantic and Mediterranean basins.
Once the gas has been purchased and transported to Spain, or to the countries where the group has a presence, the gas is introduced into the gas systems in each country, which is made up of the transport network facilities, the regasification plants, underground storage facilities and other complementary facilities.
Gas Natural Fenosa has stakes in three regasification plants (Reganosa-A Coruña, Saggas-Valencia and Puerto Rico) and in two liquefaction plants (Damietta-Egypt and Oman), and the regasification terminal in Italy in Trieste-Zaule is underway. The latter is continuing through the process of obtaining the various licences required. In addition, it manages the Moroccan stretch of the Maghreb-Europe gas pipeline through the companies Metragaz and EMPL, which in 2011 transported a total volume of 111,855 GWh, of which 80,569 GWh were transported for Gas Natural Fenosa through Sagane and 31,286 GWh, for Portugal and Morocco.
The company signed an agreement with Repsol YPF to step up its collaboration in the areas of exploration, production, liquefaction, transport and wholesale marketing of LNG. Gas Natural Fenosa is currently moving forward with a number of projects in Spain, Nigeria and Angola, for both gas exploration and production and liquefaction and transport. There is also the Repsol-Gas Natural LNG company, Stream, which works in the field of transport, trading and wholesale marketing of LNG.
The storage installations are mainly comprised of underground deposits, needed to ensure a constant supply of natural gas which is not affected by seasonal changes and other peaks in demand.
The administrative process has commenced for the construction of a gas reserve in Bages (Barcelona), with the aim of being able to meet peak energy demands in Catalonia, to have less dependence on imports and to establish an exchange market -hub- in Southern Europe.
In 2011, Gas Natural Fenosa obtained authorisation to carry out underground hydrocarbon storage activities in known fields such as Marismas in the municipality of Almonte, in the province of Huelva.
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