The sight of LNG ships unable to dock off Spain is a stark visual reminder of Europe’s lack of regasification and gas storage capacity.
As Spanish authorities warn of an increasingly “exceptional situation”, the continent must find a way to reconcile the challenges of reduced capacities amid escalating geopolitical insecurities.
Around 37 % (60 bcm) of the EU’s total LNG capacity is located in Spain, which has limited pipeline connections to France and the rest of Europe.
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