Spain-France gas pipeline capacity increased and available, Spain says [Reuters]
ENAGAS SA UNSP/ADR (ENGGY)
NASDAQ:AMEX Investor Relations:
enagas.es
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Source: Reuters
FILE PHOTO: People work at Enagas liquefied natural gas (LNG) terminal at Zona Franca in Barcelona, Spain, March 29, 2022. REUTERS/Albert Gea Grid operator Enagas said, however, the plan was to start pumping from Nov. 1. Enagas and French counterpart Terega have maximised the use of compressors in the link that goes from the northern Spanish town of Irun across the Pyrenees mountain range, boosting its capacity by 1.5 billion cubic metres (bcm) a year. That represents an 18% increase in Spain's piped gas export capacity, meaning that it could supply the equivalent of 6% of France's natural gas consumption. “The station is already technically ready to send that gas when our French neighbours request it,” Energy Minister Teresa Ribera said during a visit to the facilities in Irun. There are two existing pipelines between Spain and France, and a third interconnection is being mulled amid a European energy crisis sparked by Russia's invasion of Ukraine. Ribera reiterated that
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News
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- Russian LNG accounts for a quarter of Spanish gas imports in March [Reuters]Reuters