Spanish gas grid operator Enagas has made strategic moves to reduce its net debt significantly by almost 1 billion euros, positioning itself for major investments in hydrogen projects. The recent sale of its stake in Tallgrass Energy in the U.S. contributed to this debt reduction. Enagas intends to maintain this lower debt level until 2026. The company is redirecting its focus from traditional gas business to hydrogen infrastructure, with plans to invest nearly 6 billion euros in hydrogen projects. Enagas is set to present a new strategic plan in the first quarter of the upcoming year, which will include entry into ammonia and CO2 businesses. They aim to establish a hydrogen network in Spain and the H2Med corridor to connect Iberia with northwest Europe. By reducing dividends and planning net investments of around 3.2 billion euros until 2030, Enagas is gearing up to be a key player in the green hydrogen market. The company's strategic direction aligns with Spain's goal to become a European leader in green energy and combat carbon emissions. Enagas also aims to surpass its revised financial targets set in July, emphasizing its commitment to sustainable energy practices and financial stability.