The European Union is considering the idea of a construction of an offshore gas pipeline between Spain and the Italian coast in Tuscany to reduce the EU’s reliance on Russian gas, Spanish daily El Pais reported on Wednesday. Spain has the highest number of regasification terminals for liquefied natural gas (LNG) in Europe, at six. However, Spain is not well connected via pipelines to other countries, limiting European access to LNG imports. The plan that the EU is considering entails the construction of a gas pipeline of more than 700 kilometers (435 miles) between Barcelona in Spain and Livorno in Italy, El Pais reports. The pipeline would cost more than $2.66 billion (2.5 billion) and could take one to two years to build, the Spanish daily says. Via the pipeline, gas could be supplied not only to Italy, but also to countries in central and north Europe via existing […]