PM Sanchez: Spain Has Capacity to Become Gas Hub in Europe
(Reuters) — Spain has the capacity to become a gas hub for Europe to help support regional efforts to curb dependence on Russian gas, Spanish Prime Minister Pedro Sanchez told a news conference with his Polish counterpart on Wednesday.
"Spain is prepared to increase its solidarity measures," Sanchez said, adding that 20% of its imported liquefied natural gas (LNG) was re-exported to other EU countries in June.
The war in Ukraine has put into question Europe's energy dependence on Russia. Moscow has reduced gas supplies to the continent, blaming the disruption on sanctions imposed in retaliation for the war and delays in returning a repaired turbine.
Sanchez said Spain would do what it could to prevent Europe becoming an "energy hostage" of Russian President Vladimir Putin.
This week, energy ministers agreed in Brussels that all EU countries should voluntarily reduce gas use by 15% in a bid to save up supplies for winter.
Those with limited ability to export gas to EU neighbors can request a lower target, and a draft document seen by Reuters showed countries like Spain could offer a 7% reduction instead if they can show they have sent on most of the gas they can to EU neighbors.
Sanchez said his government was now working with the private sector and the Spanish congress on a contingency energy saving plan to meet the new target.
Related News
Related News
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- Strike Pioneers First-of-Its-Kind Pipe-in-Pipe Installation on Gulf Coast with Enbridge
- 208-Mile Mississippi-to-Alabama Gas Pipeline Moves Into FERC Review
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Kinder Morgan Gas Volumes Climb as Power, LNG Demand Boost Pipeline Business
Comments