Data from Spanish grid operator Enagas showed on Wednesday that Russia was the country's second-largest gas supplier last month after Algeria. LNG shipments represented 65.5% of Spain's imports while the rest came through pipelines. Thanks to the largest stable of import terminals in the European Union, Spain has become the top re-exporter of seaborne Russian supply, which totalled 23% of all Spanish gas imports in January-March.
Backers of the LNG terminal in Germany's Elbe river port of Stade have taken a final decision to build a land-based terminal from 2027, costing around 1 billion euros ($1.1 billion), project firm Hanseatic Energy Hub (HEH) said on Thursday. The move is significant as part of Germany's long-term quest to increase LNG import capacity, which is later to be expressly used for green gases since Moscow's invasion of Ukraine in February 2022 forced it to find alternatives to Russian gas. "Following the successful completion of marketing and approval at the end of 2023, the privately organised consortium, consisting of Partners Group, Enagas, Dow and the Buss Group, have now successfully secured the financing," HEH said in a statement.
Enagas has awarded has awarded 2,231 slots, about half of the total capacity, for vessels to unload liquefied natural gas (LNG) at six of Spain's terminals over the next 15 years, according to data the company provided to Reuters. Spain is a key European hub for LNG imports, thanks to its large fleet of regasification terminals. Spanish plants held almost a third of the LNG stored in Europe as of Jan. 14, data from Gas Infrastructure Europe showed.