Spain to open idle liquid gas facility as European storage base

Published by
Reuters UK

By Isla Binnie MADRID (Reuters) – Spain plans to open a never-before-used liquefied natural gas (LNG) plant on its northern coast and dedicate it to receiving and re-exporting fuel to other European countries struggling to break their dependence on gas piped from Russia. Energy and Environment Minister Teresa Ribera told online newspaper El Diario that the El Musel plant would not be connected to the Spanish gas grid but would be used “to give more flexibility to the system”. Russia’s invasion of Ukraine – and subsequent demand to be paid in roubles for its gas, which covers 40% of Europe’s ne…

Read More