Enagas: Algeria Regains Spot as Spain's Top Natural Gas Source
(Reuters) — Algeria regained its place as Spain's main supplier of natural gas in January, providing a quarter of monthly demand, gas grid operator Enagas said on Thursday.
While the North African country had accounted for the largest volumes of monthly gas shipments to Spain since Enagas records started in 2006, it fell to second place behind the United States in January 2022 following diplomatic spats with both Spain and Morocco.
The former Maghreb-Europe pipeline was shuttered in the fourth quarter of 2021 after clashes between Algiers and Rabat, while diplomatic tensions with Madrid flared when the Spanish government changed its position on Western Sahara, leading Algeria's Sonatrach to revise gas prices.
Enagas said 25%, or 8,545 GWh, of total gas deliveries to Spain in January of this year came from Algeria. Both countries are linked through the 757-kilometer (470-mile) submarine Medgaz pipeline.
Sonatrach and Spanish power group Naturgy established a new price retroactively applicable for volumes supplied to the end of 2022 and also agreed to continue negotiating prices this year.
Algeria has said it will stick to contractual obligations to supply gas to Spain despite withdrawing its ambassador to Madrid in June 2022 over the Western Sahara, where Algeria backs an independence movement.
The United States and Nigeria followed on the list of Spain's top suppliers at 20.7% and 20.2%, respectively, with all volumes shipped as liquefied natural gas.
Deliveries from Russia tripled year-on-year to 6,372-gigawatt hour (GWh) from 2,178 GWh. It was the highest volume since June, when Spain sourced 8,752 GWh from Russia.
Related News
Related News
- Repsol Ditches Plans to Develop LNG Terminal on Canada’s East Coast
- Kazakh Oil Decouples from Russian Crude But Risk Weighs on Price
- Pipeline Operator TC Energy Says Stress, Weld Fault Caused Keystone Oil Spill
- US to Sell 26 Million Barrels of Oil Reserves As Mandated by Congress
- Ukraine to Jointly Buy Gas with European Union Countries
- Company Cancels Byhalia Connection Pipeline Project
- US Intelligence Suggests Pro-Ukrainian Group Sabotaged Nord Stream Pipelines -NYT
- EIA: US Natural Gas Output to Hit Record High in 2023, Demand to Fall
- US Regulator Orders Lower Pressure on Keystone Pipeline System After Spill
- US Carbon Pipeline Faces Setback as Residents Refuse to Cede Land Rights
Comments