Saggas is the company that owns the Sagunto Regasification Plant, the mission of which is to run the commercial and maintenance operations of the Sagunto regasification plant. Large infraestructures and energy companies, such as Enagás Transport, Osaka Gas UK and Oman Oil Holdings Spain form part of this company.
The productive process that is undertaken at the Sagunto regasification plant includes the reception, storage and shipping of natural gas. Liquid natural gas arrives at the plant in methane carrying ships, is stored, returned to its gaseous state and is then channelled to the general network of gas pipes, after being measured and odorised.
The Sagunto regasification plant is a basic energy infrastructure for the Spanish State, as it satisfies to up to 25% of the gas demand throughout the country. Moreover, it provides the Valencia Region, one of the main consumer areas of natural gas in Spain, with a gas entry point, which it formerly lacked, converting it from a deficit to a surplus autonomous community from the energy point of view.
Saggas undertakes its operations accepting several basic commitments that stem from its own raison of being and company goal, such as:
1. To ensure the supply of a source of basic energy, as is natural gas, to a point of high consumption (the Valencia Region) and Spain in general, which is experiencing a growing demand for this source of energy.
2. To provide efficiency to the National Gas System, by taking advantage of the proximity of the point of entry and a point of high gas consumption (the Valencia Region). Given its strategic location within the Spanish Mediterranean Arc the proximity of the plant, in terms of navigation days, to the main producer countries of Africa and the Middle East is of the utmost importance, as this helps to reduce the risks arising from transportation. Moreover, it is located in the epicentre of the Valencia Region, in an area of grand industrial and domestic natural gas consumption.
3. To safeguard supply, by being located in an area of high consumption and being able to ensure supplies to adjacent areas in the event of failures in other gas infrastructures.