Spanish gas for France
March 2 (LNGJ) - Spain has been supplying additional supplies of natural gas to France through pipeline inter-connections between the two countrfies during the current cold snap sweeping Europe. Spanish network operator Enagas, which itself receives natural gas in the form of pipelines imports from North Africa and LNG shipments, said its supplies to France come at a time when there is a low level of storage in Europe due to recent demand. Enagas said that for example on February 28, the Spanish gas system supplied a total of 22 gigawatt hours (GWh) of natural gas to France through the interconnections at Irun in Guipuzcoa and at Larrau in Navarra. “This figure is equivalent to supplying a city like Zaragoza for a day,” said Enagas.
Trading arm of French utility will test Japanese assumption that LNG and oil prices will stay low
France’s EDF Trading signed an LNG agreement with Jera Co. Inc of Japan, the joint venture between Tokyo Electric Power Co and Chubu Electric, to buy cargoes from the Japanese business to optimize the value of the fuel in the European market on the assumption oil prices will remain low.
