Iberia waits on Europe's LNG sidelines
Spain and Portugal want to become a gateway for Europe’s LNG imports, but cheaper pipeline gas is a formidable competitor
Plans to position Iberia as a liquefied natural gas gateway for Europe hold promise of ending the peninsula's outlier status in the continent's energy markets while also boosting the continent's energy sovereignty. But the ambitions face regional competition, geographic realities and uncertainty over future European gas demand. At a trilateral summit in Lisbon last week, the leaders of France, Spain and Portugal spoke of the potential for new gas connections to both reduce Europe's reliance on energy imports and to end bottlenecks keeping the Iberian Peninsula isolated from core regional markets. "It is essential to develop transport, storage and import [gas] infrastructure that will allow
Also in this section
1 April 2025
There is method to the US president’s apparent madness, and those seeking to understand need look no further than their local bookshop
1 April 2025
Strong economic growth targets are encouraging for the country’s energy demand growth, even if meeting those goals might be a tall order
28 March 2025
The Central Asian country is positioning itself as a low-carbon leader, but antiquated infrastructure and a dependence on Russia are holding it back
28 March 2025
MCEDD 2025 took place in Madrid this week with record attendance and a wide-ranging programme, reflecting the deepwater sector’s renewed momentum, strategic focus and accelerating technological innovation.
