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Redexis and Cepsa to Create Large Network of Natural Gas Refuelling Stations in Spain

Redexis, a comprehensive energy infrastructure company, and Cepsa, a global energy company, have reached an agreement for the creation of the largest network of refuelling stations for natural gas vehicles (NGV) in Spain, with the objective of expanding the supply of energy solutions and promoting sustainable mobility.

Through an investment of 30 million euros in the period 2019-2021, Redexis will undertake the construction and maintenance of 50 gas stations located at Cepsa Service Stations in Spain, with liquefied natural gas (LNG) and (compressed natural gas) CNG, used by all types of vehicles at regional and interregional level, whose supply and marketing will be handled by Cepsa. Likewise, this alliance aims to reach 80 service stations before the end of 2023, with a total investment of 60 million euros.

This network of the natural gas stations will have state-of-the-art equipment. It will be developed in urban areas and will also cover the main transport corridors, so that both heavy and light transport will be able to undertake trips with the security of having a network that guarantees their natural gas refuelling.

During the signing of the agreement, Fernando Bergasa, president of Redexis, stressed: “We are very satisfied with the agreement reached with Cepsa, since it allows a qualitative and quantitative leap in the infrastructural endowment of natural gas refuelling in Spain. From Redexis we are committed to making investments that help the country to undertake new challenges in terms of sustainability and respect for the environment, at the same time we express our interest in the development of ecological mobility through alternative fuels, which contribute to efficiency, sustainability and economic progress.”

Pedro Miró, the vice president and CEO of Cepsa, underlined: “Through this important agreement with Redexis, we continue to expand our portfolio of energy solutions, with the aim of offering customers all the energy they need. We are confident that through this alliance we will significantly promote gas mobility in Spain, both for the transport of people and goods.”

The Spanish automobile sector increases its growth forecasts for gas vehicles each year, with new models and conversions in the market. At the end of 2018, natural gas vehicle registrations were 5,745, 145% more than the previous year, and the estimates of the main manufacturers point to a fleet of 80,000 light vehicles to gas in 2021.

Source: Redexis