Enagas, a Spanish gas grid operator, has agreed to sell its 30.2% stake in U.S. energy infrastructure company Tallgrass Energy to finance green hydrogen projects. The stake will be acquired by U.S. investment firm Blackstone for $1.1 billion. This move is part of Enagas' transition from its traditional role in natural gas to managing a network of hydrogen infrastructure. Despite expecting a capital loss of 360 million euros from the transaction, Enagas foresees a positive impact on earnings starting from 2025. Enagas plans to invest approximately 3.2 billion euros by 2030 to develop a hydrogen trunk network in Spain and the H2Med corridor, a trans-European hydrogen project. To support these investments, the company has adjusted its dividend policy for the next three years. By the end of the decade, Enagas aims to surpass its natural gas assets with regulated hydrogen assets, with a value of around 3 billion euros. This strategic shift aligns with the Spanish government's focus on green hydrogen production and infrastructure development.