gas supply in Spain

LNG regasification ship

Spanish LNG purchases from Russia up 45% in 2022

Spain has increased its imports of liquefied natural gas (LNG) from Moscow by 45%, according to data from the latest Enagás statistical bulletin, published by El Periódico de la Energía. According to the newspaper La Vanguardia, it all started when Algeria closed the Maghreb-Europe gas pipeline (GME), one of the two that supply Spain, after the spanish government changed its position to favour Morocco’s claims over the Sahara, in the…

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Spain Does Not Fear The Closing Of The Maghreb-Europe Gas Pipeline As It Has Gas Reserves For 40 To 43 Days

Algeria confirmed at the end of last week the closure of the Maghreb Europe Gas Pipeline, which supplied Spain and Portugal through Morocco. In addition, the non-renewal of the contract signed with the Moroccan kingdom, which expired last Sunday. The Algerian authorities had already announced they would stop supplying through this channel after 25 years of commercial relations with the Iberian peninsula. However, they had not revealed until now what…

Spanish consumers are paying the failure of Castor gas project

The Castor Project; Spaniards Are Paying For The Failure Of This Gas Storage Installation

The Constitutional Court has declared null and void the agreement reached by the Spanish government in 2014 to resolve the problem of the Castor gas storage warehouse, the biggest in Spain, and the subsequent controversial €1.350 billion compensation given to the concessionary firm Escal (in which ACS has 66%). The ruling also says the compensation system set up allowing Enagás to charge consumers for the cost of Castor via their gas bill is illegal.