2.1 About us

 

Madrileña Red de Gas S.A.U. (MRG) is a single-member company dedicated to the distribution of natural gas, and to the distribution and sale of piped liquefied petroleum gas in the Community of Madrid.

MRG has the following installations for the operation and maintenance of our gas distribution network:

• Natural gas distribution network
• Satellite liquefied natural gas regasification plants (hereinafter LNG plants)
• Satellite liquefied petroleum gas plants (hereinafter LPG plants)

As was also the case when we started our operations in 2010, our activity is limited to Spain and specifically, as mentioned above, to the Community of Madrid. We currently operate in 61 towns and cities, and in five districts of Madrid itself.

Our head office is located at Calle Virgilio, 2, in Pozuelo de Alarcón. We also have a warehouse located at Calle Valdemorillo 60, in Alcorcón.

2.2 Main figures

 

2.3 Our value chain

As mentioned above, MRG is concerned with the distribution of natural gas, and the distribution and sale of piped liquefied petroleum gases. This is a regulated business.

2.4 Madrileña Red de Gas in 2022: a year of uncertainty

During 2022 we have slowly begun to recover from the pandemic and have attempted to return to the “normality” of previous years. However, we have been faced with another unexpected situation. The upwards trend in natural gas prices that started in Autumn 2021 was strongly magnified by the Russian invasion of Ukraine in February 2022. As Western sanctions on Russia began to bite, and gas supplies to Europe via Nord Stream 1 were halted, prices increased markedly, peaking at record levels in August 2022, and a Winter of energy blackouts and restrictions throughout Europe was feared.

Nationally, and especially in Madrid, our customers have also been affected by the global energy context. Uncertain supplies, high prices, the contribution of natural gas to electricity generation, regulatory and legal changes and the geopolitical situation of Spain with its main importers have resulted in worry and uncertainty.

Despite this, MRG has been able to overcome this situation, making significant efforts to meet our customers’ needs and continuing to promote and integrate sustainability at all levels and in all processes in our company, promoting and establishing environmental, social and good governance criteria in both our strategic plan and in our decision-making.