Energy: years of pipeline with France, Madrid – Economy

(ANSAmed) – MADRID, 21 OTT – MADRID – The construction of a new energy pipeline that will operate as a “green corridor” between Spain and France, transporting gas and, in the future, hydrogen, will take “five, six or seven years”, said Spanish Deputy Prime Minister and Minister for Ecological Transition, Teresa Ribera, referring to the agreement reached yesterday by Prime Minister Pedro Sánchez with French President Emmanuel Macron and Portuguese Prime Minister Antonio Costa. “Now we will have to sketch out a project,” Ribera explained in an interview with Catalunya Ràdio, adding that the Spanish government’s intention is to seek European funding to develop it. “Now remains the most complicated part, which is working with technicians,” added the Spanish Deputy Prime Minister.

Paris, Madrid and Lisbon unexpectedly announced yesterday at the European Council the agreement which definitively closes the gas pipeline project in the Pyrenees, on which Berlin was betting to quickly access regasified Spanish methane. The Mediterranean pact looks to the future but, at the same time, risks being seen as a slap in the face to Germany, which is too focused on its immediate needs.

“It is an agreement that goes towards an increase in interconnections and strengthens European resilience and solidarity,” Sanchez said Thursday, presenting the agreement.

(ANS Amed).