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MNI US Macro Weekly: Politics To The Fore
Spain and Germany Remain Focused on Gas Pipeline
Germany and Spain remain focused on plan to build a gas pipeline across the Pyrenees despite being opposed by France.
- "We will both continue to lobby for a higher interconnection capacity of the Iberian Peninsula in order to enhance its contribution to the security of supply to the whole of EU," according to a draft document.
- "The construction of a sufficiently big hydrogen-ready gas pipeline across the Pyrenees to be operative by 2025 is of paramount importance in order to achieve a truly robust internal energy market within the EU, accelerate the green transition and reinforce EU's strategic autonomy.” it added.
- The pipe is designed to take advantage of Spain’s LNG import capacity and give it better links to mainland Europe.
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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.