Enagas

Business in Russia

Enagás: Russia to become Spain's second largest gas supplier in 2024. Spanish gas operator Enagás has publicly stated that it is fully prepared to operate without Russian gas and will instead rely on the United States gas sector to replace Russian LNG. The European Union is currently in talks with member states to accelerate the phasing out of Russian gas, Enagás’ CEO said. Arturo Gonzalo said Enagás is already tracking the EU gas supply chain through its platform.

Decision trail

Decision date 10/02/2025 · Reference ↗

Russia took second place in terms of liquefied natural gas (LNG) supplies to Spain in the period from January to December 2024. This is evidenced by data published by the Spanish energy company Enagás. According to its information, over 12 months, the kingdom purchased the equivalent of 72,360 GWh of LNG from Russia (21.3% of the total). As a result, Russia took second place after Algeria in terms of supplies of this fuel to Spain. The United States is in third place. In December last year, Madrid purchased 5,485 GWh of gas from Moscow - 20.8% of the total. Earlier, Enagás reported that in 2023, Spain purchased 72,690 GWh of Russian LNG, compared to 53,859 GWh in 2022. Thus, by the end of 2023, the Russian Federation became the third main supplier of gas to the kingdom.

Status history since 2022

1. 03/08/2026 — operating · Imported from KSE LeaveRussia

Exposure profile