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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessLNG Demand in Spain Could Rise with Low Hydro Reservoirs
LNG demand in Spain could rise in the coming months as the country battles with drought for the second year in a row.
- Prolonged drought is impacting hydroelectric power generation and hotter temperatures are boosting cooling needs according to Energy Intelligence sources.
- The reduction in capacity comes just as the high-demand summer season arrives.
- Spain's southern and north eastern regions have been hardest hit with hydro reservoirs in most cases below 40%. Certain parts of Andalusia reserves are below 25%, according to ecological transition ministry.
- Bearish gas and LNG prices are a risk to the ability to attract spot cargoes to meet rising consumption in Southwest Europe.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.