Monday, December 5 2022 Sign In   |    Register
 

News Quick Search


 

News


Front Page
Power News
Gas News
Today's News
Yesterday's News
Week of Dec 05
Week of Nov 28
Week of Nov 21
Week of Nov 14
Week of Nov 07
By Topic
By News Partner
News Customization
Feedback

 

Pro Plus(+)


Add on products to your professional subscription.
  • Energy Archive News
  •  



    Home > News > Gas News > News Article

    Share by Email E-mail Printer Friendly Print

    EU Debates Proposed $3 Billion Spain-France Gas Pipeline


    September 16, 2022 - Indian Oil And Gas News

     

      September 15 -- A proposed new natural gas pipeline connecting Spain and France may not make economic sense, Thierry Breton, the European Commissioner for the Internal Market, said on Thursday.

      “It is unclear if such a project would make sense economically,” Breton said by Reuters in the German capital Berlin.

      According to French President Emmanuel Macron, a new pipeline would not be necessary because the current two pipelines are not used to their full capacity.

      In August, German Chancellor Olaf Scholz discussed the idea of a gas pipeline to connect Portugal, Spain, and central Europe via France and said he supported the new connection.

      Spain does not depend on gas from Russia, but it has six LNG import terminals and lies on the route of pipelines from North Africa to Europe. Spain, however, is not well connected via pipelines to other European countries, limiting European access to LNG imports.

      New LNG terminals in northern and eastern Europe would be a better option to alleviate the European gas crisis than a new natural gas pipeline from Spain to France, the French energy transition ministry said in the middle of August. A new gas pipeline between Spain and France would take years to operational and cost at least $3 billion (3 billion euro), the French ministry said in a statement by Reuters

      The European gas crisis has significantly worsened over the past week after Russia said natural gas supply via the Nord Stream pipeline to Germany would remain shut until the Western sanctions that impede gas turbine repairs are lifted. Vladimir Putin also upped the ante in the energy war, saying on Wednesday that Russia would stop supplying all energy products to Europe if the EU and its Western allies imposed price caps on Russian oil and natural gas.

    TOP

    Other Articles - International


    TOP

       Home  -  Feedback  -  Contact Us  -  Safe Sender  -  About Energy Central   
    Copyright © 1996-2022 by CyberTech, Inc. All rights reserved.
    Energy Central® and Energy Central Professional® are registered trademarks of CyberTech, Incorporated. Data and information is provided for informational purposes only, and is not intended for trading purposes. CyberTech does not warrant that the information or services of Energy Central will meet any specific requirements; nor will it be error free or uninterrupted; nor shall CyberTech be liable for any indirect, incidental or consequential damages (including lost data, information or profits) sustained or incurred in connection with the use of, operation of, or inability to use Energy Central. Other terms of use may apply. Membership information is confidential and subject to our privacy agreement.