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UPDATE 1-Spain-France gas pipeline capacity increased and available, Spain says [Reuters]

ENAGAS SA UNSP/ADR (ENGGY) 
NASDAQ:AMEX Investor Relations: enagas.es
Company Research Source: Reuters
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 the idea of a third pipeline, dubbed Midcat, was not buried despite France's objections. “There is no end in sight to this war (in Ukraine). Show less Read more
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