Endesa has launched a project for the development of bunkering activities for maritime transport in its port terminal of the Bay of Algeciras (Cadiz). This will have a storage capacity of around 4,080 cubic meters and an annual managed energy volume of 1,100 GWh. With this capacity, the terminal would become the main LNG bunkering port station in Spain. The country multiplied by more than three its LNG bunkering operations in 2019, with a total of 195 that supplied a total of 81,704 cubic meters of LNG.

In the specific case of Spain, and with macroeconomic forecasts that are more pessimistic than the Spain’s government’s, Brussels called for a periodic review of the effectiveness of the measures implemented, without jeopardizing the medium-term sustainability of public accounts. Furthermore, the EC forecasts that debt will soar to 120.3% of GDP this year and to 122% in 2021. This compares with the Spanish government’s estimate in its budgets of 118.8% and 117.4% respectively.

The Government has approved the extension of the regulations on foreign investment with the aim of making it more difficult for foreign investors to take control of strategic Spanish companies that have fallen significantly on the stock market as a result of the Covid-19. The new issue of the measure, which was already in force, is to extend to EU investors plus the United Kingdom, Switzerland and Norway, the restrictions approved in March for non-EU investors.