Spain Sets 6.46% Return for Gas Network

Spain's watchdog approved a 6.46 percent financial return for the core gas network under the 2027 to 2032 remuneration framework. Analysts viewed the proposals as favorable for operators like Enagas. The new rules take effect on October 1, 2026.

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A view of Enagas' tanks at Zona Franca in Barcelona, Spain, January 29, 2024. REUTERS/Albert Gea

Spain set a 6.46% financial return for core gas network activities under a new remuneration framework approved Friday morning. The CNMC watchdog finalized the rules for 2027-32, offering terms that analysts viewed as more favorable than expected. The regulatory update directly impacts system operators like ENAGAS SA, which manages the national trunk grid.

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