LEAKED BRUSSELS REPORT QUESTIONS VIABILITY OF FRANCE-SPAIN LINE
May 1st, 2018
A report prepared for the European Commission has questioned whether a planned EUR3 billion pipeline across the Pyrenees linking France and Spain would be commercially viable, unless Algeria reduced exports of gas to Europe. Brussels asked consultancy Poyry to assess the Midi-Catalonia (Midcat) pipeline, which it has supported as a way of easing European reliance in Russian gas through boosting access to Span’s LNG terminals. But the report has been leaked and within, it has been reported, Poyry warns that “financially viability” would only be secured by a ...
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