Imports of natural gas from Russia soared by 192.5% in January, from 2,178 gigawatt hours (GWh) to 6,372 GWh. This sharp rise has meant that Russian imports have gone from representing 5.8% of total imports in January a year ago to 19.2%, making Russia the fourth largest supplier of natural gas to Spain after Algeria, the United States and Nigeria, although much of this gas is destined for other countries….
Natural gas imports from Algeria to Spain plummeted by 40% in 2022, with Algeria falling to second place among suppliers and representing 23.9% of Spain’s total. These figures, according to sources in the sector, will continue to fall during this year, 2023, as “orders placed during the first months of 2022 for natural gas, before relations between Moncloa and Algiers broke down, have yet to be deducted”. And if this…
Teresa Ribera, Minister for Ecological Transition, has lashed out harshly against the Brussels plan to force EU countries to reduce gas consumption by 15% during the autumn and winter months. According to Ribera, this plan is “neither the most effective, nor the most efficient, nor the fairest”. “We have strategic reserves. We have done our homework. We have achieved a very solid position” in terms of security of supply, said…
Imports of gas from Algeria fell by 41.11% in the first half of 2022 compared to the same period the previous year. Meanwhile, purchases of this raw material from Russia increased by 3.2% year-on-year in the first six months of the year, according to the latest data from Enagás’ Boletín Estadístico, corresponding to June. Specifically, in the first half of the year Spain bought 55,962 gigawatt hours (GWh) of gas…
European Views | The conflict between Russia and Ukraine continues and so do the global gas supply issues. Iran hopes to step in and become Europe’s main gas provider replacing Russian gas export. Iran to Offer Alternative to Russian Gas Export in Europe Being the second-largest gas reserves globally, Iran has 34 trillion cubic metres of natural gas. It’s nearly 17% of the world’s total reserves. Some believe that Iran…
ASE Group | Russian gas supplies to Europe from Russia have increased since the war broke out because of long-term contracts, in place between European buyers and Russia’s Gazprom, which include strict commitment clauses. All parties are committed to respecting them or face serious losses. This is why Grazprom is avoiding direct economic sanctions from Europe.In any case, Russian flows are not back to normal for this time of year….
Nick Ottens (Atlantic Sentinel) | Western Europe refused to see the risks. Eastern Europe refused to invest in renewables. Australia, Canada, Europe, Japan and the United States have imposed unprecedented economic sanctions on Russia since it invaded Ukraine, banning Russian airlines and state media, cutting off Russian banks from the SWIFT financial system and freezing the assets of Russian oligarchs and the Russian Central Bank. The one step European countries…
Intermoney | The EU cannot replace Russian energy supplies in the short term since, in a normal year, as was 2019, 46.7% of the solid fuels, 41.1% of the natural gas and 26.9% of the oil it imported came from Russia. Figures that are biased upwards by Germany, given that, for example, in 2021, 42.83% of Spain’s natural gas exports came from Algeria compared to the 8.91% that came from…
Intermoney | The EU is the area that would be worst off in the event of a war in Ukraine. At this point, it is worth remembering that Russia was the first supplier of the EU in terms of energy raw materials in a normal year such as 2019. In that year, 46.7% of the EU’s imports of solid fuels (i.e. coal), 41.1% of those related to natural gas and…
The European Investment Bank (EIB) has approved a 1.5 billion euros loan – the biggest in its history – for the construction of the Trans Adriatic Pipeline (TAP), an around 878 kilometres project which will link Turkey with Italy, and in which Spanish firm Enagás is involved.