Enagás, the Spanish gas network operator, has announced the sale of its 30.2% stake in Tallgrass Energy, a US-based business, to Blackstone Infrastructure Partners for $1.1bn. This move is part of Enagás' strategy to fund its green hydrogen investments up to 2030. The sale is a significant step towards the company's commitment to decarbonising and ensuring energy supply stability in Spain and Europe as outlined in its 2022-2030 strategic plan. Enagás plans to allocate €235m ($254m) towards hydrogen projects by 2026 and an additional €455m ($492m) by 2030. The company's Enagás Renovable brand will focus on investing €205m ($223m) in green hydrogen production from 2022 to 2030. Despite an expected accounting loss of around €360m ($389m) in 2024 due to the Tallgrass sale, Enagás anticipates a positive impact on its cash flow. Additionally, Enagás is actively involved in the European Hydrogen Backbone initiative, with plans for the H2Med pipeline project to transport hydrogen from Spain and Portugal to France and Germany, aiming to enhance hydrogen network connectivity across the EU.