Enagas’ Chairman highlights that “conventional demand for natural gas, linked to the economic cycle, is showing signs of recovery after increasing by more than 11% since the start of the year”
If exports and domestic demand are taken as a whole, the amount of natural gas transported by the System rose by 8.6% during the first quarter of 2010 compared to the same period in 2009
“The results achieved in the first quarter are in line with the targets set” for 2010 of double-digit growth of approximately 10%
As part of its Corporate Governance drive, Enagás will propose to the shareholders in their annual general meeting that the Appointments and Remuneration Committee be granted CSR powers
Enagás’ Chairman, Antonio Llardén, emphasised today that natural gas is an key element of the Energy System because of the essential role it plays as a back-up for all energies, and the fact that it can cover peaks in demand in the system at any moment.
Llardén underlined the importance of having a balanced energy mix that is in line with European Union directives and enables costs to be appropriately split between the various technologies.
Antonio Llardén revealed "a prudent forecast for 2010" for natural gas demand. With four months of the year elapsed, “we can report that conventional demand for natural gas, linked to the economic cycle, is showing signs of recovery after increasing by more than 11%”. This demand, which includes household, commercial, industrial and cogeneration consumption, is forecast to go up in 2010 compared to the previous year.
Demand for electricity generation, where natural gas plays a key role as a back-up for the Energy System in general, is forecast to remain at similar levels to those registered in 2009.