ENDESA To Use the Mugardos Regasification Plant to Receive Natural Gas from Qatar.

NEW YORK -- ENDESA (NYSE:ELE):

* A delegation from Qatari company Rasgas visited the plant which will come on stream next spring. Rasgas has a contract with ENDESA to supply one bcm of LNG a year.

ENDESA (NYSE:ELE) will use Reganosa's installations in Mugardos-Ferrol to receive part of the one billion cubic meters (one bcm) of gas it imports from Qatar via Rasgas. To this end, ENDESA invited a group of technicians from that company to visit the terminal.

Reganosa is building the second LNG terminal at Mugardos, along the Ferrol ria, in which ENDESA and other partners hold a stake. Headed by ENDESA, this project is now nearly 90% complete and will be able to receive its first methane gas tanker in February with the plant coming fully on stream in the spring.

The regasification plant has its own dock and two tankers with a storage capacity of 150,000 cubic meters. It also has a 130km long gas pipeline. Thanks to this infrastructure, not only will the plant be able to supply the market in general but also ENDESA's As Pontes 800 MW CCGT plant.

ENDESA signed a supply agreement with Rasgas in 2003 under which the Qatari company would supply one bcm of natural gas a year for 20 years. Qatar is the third largest supplier of LNG in the world.

For additional information please contact Alvaro Perez de Lema,
North America Investor Relations Office,
Telephone # [phone]
http://www.endesa.es

* This document may contain certain forward-looking statements regarding anticipated financial and operating results and statistics that are subject to risks and uncertainties as well as to material risks, changes and other factors which may be difficult to predict, including, without limitation, those factors described in the Documento de Registro de Acciones of Endesa filed within the ComisiE[thorn]n Nacional del Mercado de Valores and in the Form 20-F of Endesa filed within the Securities and Exchange Commission, both for the fiscal year ended December 31, 2004. For all of these forward-looking statements, we claim the protection of the safe harbour for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.