Our work in Spain

We operate in the Spanish natural gas market via the Unión Fenosa Gas (UFG) joint venture (in which Eni owns a 50% stake) and in the R&M and Chemicals sector via our Eni Iberia subsidiary.

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The sale of gas in Spain

We procure and sell natural gas to the industrial, wholesale and thermoelectric sectors. The UFG holds an 80% stake in the Damietta liquefaction plant on the Egyptian coast and a 7.36% stake in a liquefaction plant in Oman. In 2020, total Eni’s sales in the Iberian Peninsula amounted to 3.94 bcm, a decrease of 0.28 bcm, or down by 6.6% compared to 2019.

 

We produce and sell lubricants

Our operations in Spain concern the blending and marketing of lubricants through our Eni Iberia subsidiary, formed from a spin-off of Agip España. Following the collapse of the non-competition agreement with Galp that was entered into at the time that the network and extra-network activities in Spain and Portugal were transferred in 2008, we resumed fuel sales in 2013. The company now has 84 employees and our network of sales representatives spans around 80% of the Iberian Peninsula, excluding the Canaries and the Balearic Islands. Furthermore, we have a lubricant blending & filling plant - the third-largest producer of these products in Spain, with a production capacity of around 50,000 tonnes and a high level of flexibility. We also started trading in Barcelona, in conjunction with Eni trading & shipping, in 2018 and now operate in the country’s chemicals sector through a commercial subsidiary of Versalis International based in the city of Barcelona.

A remarkable investment in the renewable energy sector

In February 2021 we signed an agreement with X–Elio, one of the world's leading renewable energy developers,  for the acquisition of three photovoltaic projects in southern Spain for a total capacity of 140 MW. With X-Elio we have also entered into discussions for a larger strategic collaboration for the development of renewable projects in Spain, where Eni is aiming to grow up to 1 GW in the next five years contributing to the 5 GW installed capacity from renewable sources target for 2025.

In July 2021, through Eni gas e luce, we signed an agreement with Azora Capital for the acquisition of a portfolio of nine renewable energy projects in Spain. The operation involves the acquisition of three wind farms in service and a wind farm under construction in the central/northern area of the country, for a total of 230 MW, and five large solar projects in advanced development for around 1 GW. For all the plants under constructions or in development, Eni and Azora will work together to ensure entry into production by 2024.

The agreement is part of Eni’s development strategy in the Spanish market and focuses on the combined development of renewable power generation capacity and retail customer base. Moreover, through Eni gas e luce, we acquired the Dhamma Energy Group (“Dhamma”) from the relevant founding partners. The company holds a platform for the development of solar plants in France and Spain. Dhamma’s asset portfolio comprises a pipeline of projects at various stages of development for almost 3 GW in both countries.

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Exploring Eurasia

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The new eurasian geo-economic center represents a development pole that can become an alternative to the Euro-Atlantic center

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La scommessa dell'Unione
Stories

Europe's Gamble

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