Spain will purchase a record amount of gas from Russia by the end of 2023

El Mundo: Spain will purchase a record amount of LNG from Russia by the end of 2023

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By the end of 2023, volumes of liquefied natural gas (LNG) supplies from Russia to Spain are expected to be record high. As the newspaper pointed out El Mundothis year the Spanish side purchased from the Russian Federation approximately 43% more LNG than a year earlier.

Back in 2018, Russia supplied only 2.4% of the total volume of gas supplied to Spain, the authors of the article indicated. At the same time, according to the energy company Enagas, in the first 10 months of 2023, the Russian Federation was the third largest supplier of LNG to the country. The company added that over five years, Spain’s dependence on Russia as an exporter has increased sixfold.

In 2023, the state purchased the equivalent of 60,770 GWh of LNG from the Russian Federation. This is approximately 43% more than in the same period last year. In 2022, the country purchased 42,453 GWh of LNG, as follows from the material.

Today there are six regasification plants in Spain, the authors of the article recalled. Also in 2021, the Maghreb-Europe gas pipeline, through which fuel was supplied to Spain, was closed. Its closure was due to diplomatic tensions between Algeria and Morocco.

In mid-October, gas prices soared in Europe. on October 13, it hit the mark of $600 per thousand cubic meters. Such prices have not been recorded in the region since mid-February.

Source: Ren TV

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