The Iberian Peninsula holds around 30% of total Europe’s LNG processing capacity and yet it is not well connected to the rest of Europe. A plan to build a pipeline from Spain to France in order to get this natural gas across Europe was canceled in 2019 due to economic and environmental reasons. While European politicians are now hopeful that a new pipeline project could relieve the continent’s supply shortage, its effect won’t be felt for years. Recently, plans have been announced by Spain, Portugal, and Germany to connect the vast Iberian LNG regasification and storage industry to other European markets. While German Prime Minister Scholz argued that the Iberian gas market should be directly linked to its European neighbors in an attempt to […]