Long considered rather isolated from the rest of the continent in terms of energy integration, Spain today
poses a strong candidacy as a regional energy gateway and burgeoning gas hub for the European Union.
“Against the backdrop of a rapidly evolving hydrocarbons landscape, our country stands poised to capitalize and establish itself as a primary guarantor of European energy security,” proudly affirms Antoni Peris,
president of the Spanish Gas Association (SEDIGAS).
Indeed, not only does the Iberian Peninsula geographically boast a highly strategic positioning, located
along the Mediterranean and the Atlantic axes, and connected to the rest of the mainland through France,
but also a diversified array of gas suppliers and entry points. With its Medgaz and Duran Farrell subsea pipelines bringing in reserves from Algeria and an elaborate network of LNG regasification plants, Spain enjoys enviable natural gas intake capacities of 21. 5 trillion cubic meters and 60. 12 trillion cubic meters from
the two pipelines respectively. “While much of Europe stands vulnerable to an overreliance on Norwegian
and Russian producers – in the latter instance, by means of pipelines crossing politically unstable states
such as Turkey and the Ukraine – Spain stands out by offering a genuine alternative to this dependency, by
sourcing gas simultaneously from as many as 11 different countries,” exclaims Peris.
“Geopolitically speaking, this sort of vendor diversification counts as one of the most important variables when it comes to enhancing energy supply security, leaving us in a position where we could theoretically supply EU member states with as much as half of what Russia currently provides today,” reflects
Arcadio Gutiérrez Zapico, director general of the Club Español de la Energía. “There is, without doubt,
scope for a much greater slice of Europe’s gas consumption to be met via southern supply routes, by harnessing Spain’s full potential as a transit corridor,” confirms Pedro Miras Salamanca, chairman of CORES.
Maturing a Fledgling Gas Hub
Interestingly, Spain’s potential is not limited to being an energy doorway into Europe, but also as an ou-twards-facing window to the rest of the world. “Though we might appear to be on the periphery of Europe,
we are actually located very centrally in relation to international maritime transport flows and rank within
the top ten countries globally for maritime connectivity by virtue of the heavy traffic flows connecting Asia
with the West via the Suez Canal and Gibraltar strait choke points,” explains Jose Llorca Ortega, president
of Puertos del Estado, the Spanish ports authority.
Mariano Marzo, an independent director to Spain’s foremost E&P actor, Repsol hopes that his country
can thus speedily assert itself as a LNG transit and storage focal point, joining up some of the world’s
most prospective markets. “We have the real possibility to act as an epicenter of activity linking up zones
such as the Mediterranean with the Atlantic and Caspian,” he declares.
This sponsored supplement was produced
by Focus Reports.
Project Publisher: Diana Viola
Project Director: Crystelle Coury
Senior Editor: Louis Haynes
Editor: Patrick Burton
The Good Partner
Graphic Assistance: Miriam León
Cover © AT, 1985 by Antoni Tàpies. FUNDACIÓ AN TONI TÀPIES
MUSEUM, Barcelona, Spain.
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