Enagás earned 54.6 million euros in the first quarter of 2023, which represents 21.2% less compared to the same period of the previous year, according to the information deposited by the operator of the Spanish gas system this Tuesday to the National Gas Commission. Stock Market (CNMV). Between January and March, the company’s total revenues amounted to 220.6 million euros, 5.7% less than the previous year and the ebitda fell 6.5% to 173.6 millions of euros.
The greatest weight in this drop in income was in regulated activities for which Enagás billed 216.2 million euros, 6.2% less than in the same period of the previous year. On the other hand, other operating income contributed 4.4 million euros, 27.2% more.
During the first three months of the year, a historical record of natural gas shipments to France of 8 TWh has been recorded. In addition, the number of reloaded ships has increased by 124% compared to the first quarter of 2022, with Italy remaining the main destination.
Total exports grew by 104%
In total, natural gas exports from Spain have grown by 104% during this period.
The total transported demand for natural gas in Spain has reached 112 TWh in the first three months of the year, up to 7% less than in the same period of the previous year, and 4.3% more than in the last quarter of 2022. This increase is mainly due to the improvement in conventional demand, which increased by 37.5% in this period, driven in turn by a recovery in industrial demand.
Spain saved 13.9% of gas compared to 2022
As a result of the energy efficiency measures promoted by the Government of Spain, among other factors, conventional demand fell by 13.9% in the first quarter of 2023 compared to the same period of the previous year. The demand for gas for electricity generation also fell by 26.3% due to the increase in renewable generation.