New LNG terminals in northern and eastern Europe would be a better option to alleviate the European gas crisis than a new natural gas pipeline from Spain to France, the French energy transition ministry said on Friday. A new gas pipeline between Spain and France would take years to become operational and would cost at least $3.01 billion (3 billion euro), the French ministry said in a statement carried by Reuters. As such, a pipeline could be too late to ease the gas crisis in Europe, France says. “Such a project would take many years to become operational … and would therefore not respond to the current crisis,” the ministry said. Europe is bracing itself for a difficult winter of possible energy rationing amid low and uncertain pipeline supply from Russia. Last week, Spanish Energy Minister Teresa Ribera said that another natural gas pipeline could soon become operational in […]