We are a major operator in the Spanish natural gas sector. In this sector we carry out our activity through Endesa Gas and Endesa Generación for regulated activities, and Endesa Energía in the deregulated market.
Deregulated gas market
In 2016 we sold 78,129 GWh to customers in the natural gas market, which represents a 9.1% increase compared with 2015. This is due to the increase of around 30% in sales in markets outside of Spain.
In economic terms, revenues through gas sales stood at 2,079 million Euros, 299 million Euros less (–16.9%) than in 2015, due to the decrease in physical sales and average sale price.
At the close of 2016, our portfolio of customers in the natural gas conventional market was 1.5 million points of supply.
Regulated gas market
We hold interests in gas transport and distribution companies. Specifically, we own a 47.18% stake in Compañía Transportista de Gas Canarias, S.A. (Gascan) which is developing two LNG reception, storage and regasification plants in the Canary Islands. Each has the capacity to store 150,000 m3 of LNG and a regasification capacity of 150,000 m3(n)/h (1.31 bcm/year) of natural gas.
Furthermore, we own 100% of Gasificadora Regional Canaria, which distributes gas (propane air interchangeable with natural gas) on the island of Tenerife.