Spain has guaranteed natural gas supply for the next few months

24 February 2022
 
  • 29 liquefied natural gas (LNG) carriers are scheduled to unload at Spain’s regasification plants in March
  • Auction of 4 more extraordinary slots to be published today as a preventive measure

Thanks to the anticipatory measures adopted by Enagás in coordination with the Ministry for the Ecological Transition and the Demographic Challenge, Spain has guaranteed the supply of natural gas for the coming months and continues to implement all possible preventive measures to contribute to the guarantee of energy supply.

A total of 27 LNG vessels are scheduled to arrive this February, of which 23 have already unloaded. The remaining 4 are scheduled to do so during the rest of the month.

For March, there are 29 unloading slots in the schedule. As a preventive measure, it has been decided to launch today the auction of 4 more extraordinary slots, which will be used for both domestic and export demand. This auction will take place next Monday.

The Spanish Gas System also receives gas from Algeria through the Medgaz pipeline, which is operating normally, as scheduled. Algeria is meeting all of its commitments to supply natural gas to Spain.

The Spanish Gas System currently has higher levels of contracted natural gas capacity than in previous winters on the same date, and is in a better situation than other neighbouring countries.

Given the current situation and the slot and capacity reservations already made by shippers, there are no objective indications of a gas supply shortage in the coming months.

Enagás continuously monitors natural gas supplies and reserves to identify any extraordinary unloading slots that can be made available to the market.

The company is in constant coordination with the Spanish Government in case additional measures need to be taken.

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