spot_img
12.6 C
Miami
HomeUncategorizedThe US consolidates itself as the leading supplier of natural gas to...

The US consolidates itself as the leading supplier of natural gas to Spain in the midst of the crisis between the Iberian country and Algeria

Published:

In May, 35.4% of imports of this fuel by Spain originated in the North American country, compared to to 25.1% from the African nation.

USA. has established itself as the main supplier of natural gas to Spain in the midst of the Madrid crisis with Algeria, according to May data published this Friday by the Corporation for Strategic Reserves of Petroleum Products (Cores) of the Iberian country.

During that period, 35.4% of imports of this fuel by Spain originated in the North American country, compared to 25.1% from the African nation, which continues to be the second largest supplier.

According to the newspaper El País, the volume of gas coming from the United States has tripled compared to last year, since during the first five months of 2021 it covered less than 11% of total Spanish consumption.

In this sense, if Although Cores does not provide data on prices, liquefied natural gas (LNG) —which is transported by ship— is usually significantly more expensive than that which arrives via and the gas pipelines.

What happens?

Between January and May of last year, Algeria contributed almost half of the gas consumed in Spain, so that imports from that nation have experienced an annual drop.

The situation is due, in part, to the total closure, by order of Algiers, of the Maghreb-Europe gas pipeline t Following several disagreements between Algeria and Morocco, as well as a growing diplomatic tension between the Governments of Spain and Algeria , which could affect the renegotiation of the supply contract for the coming years. Likewise, another factor is the energy crisis derived from the current situation in Ukraine.

Gas is an essential source of energy for countries, since it is used both for heating of homes as well as for the bloc’s industry and the generation of electricity, especially at a time when renewable energies and nuclear power are not enough in Europe.

Did you find it interesting? share it with your friends!

spot_img

latest articles

explore more

error: Content is protected !!