March 2019, Vol. 246, No. 3

Projects

Regulators Reject France-Spain Gas Interconnect

Regulators Reject France-Spain Gas Interconnect   French energy regulator CRE and its Spanish counterpart CNMC have rejected a project by France and Spain’s grid operators to build a gas pipeline across the Pyrenees, CRE said in a statement.   The French regulator said the $502 million (442 million euro) “STEP” interconnector project did not respond to market needs and was not sufficiently mature to get a go-ahead from regulators.   Reuters reported in April that a report prepared for the European Commission had questioned the viability of STEP, which would have been the first part of an EU-backed Midi-Catalonia pipeline project to more than double gas transport capacity between the two n

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