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Europe agrees to take advantage of Spanish energy potential to break with Russia

EU heads of state and government have agreed on Tuesday to reduce Moscow’s high reliance on fossil fuels within the…

By admin , in news , at May 31, 2022

EU heads of state and government have agreed on Tuesday to reduce Moscow’s high reliance on fossil fuels within the framework of a strategy “to contribute to the security of supply” to take advantage of the renewable potential of the Iberian Peninsula .

This is reflected in the conclusion of the summit of EU leaders in which twenty-seven have advocated «Take advantage of the potential of the Iberian Peninsula To contribute to the security and supply of the EU through its “renewable energy generation capacity”.

Within this framework, the Heads of State and Government have agreed Gas and electricity interconnection infrastructure improvements By investing in new projects and projects to be completed “including liquefied natural gas (LNG) and hydrogen-generated electricity and gas interconnections”, including in island member states.

In this regard, the President of the Government Pedro Sanchez has argued that The EU must finance these interrelationships Because it has been the “Spanish taxpayers” who have financed the regasification potential of the Iberian Peninsula in recent decades, it may represent a turning point in achieving community energy independence.

“We are delighted that it has been recognized that it has to be the European Union that has to pay for these interconnections,” Sanchez stressed, adding that Spain will provide the EU with its regasification and renewable generation capacity through these interconnections. Will provide ,

Spain has only two gas pipelines with France.

Similarly, the Prime Minister of the Republic of Portugal, Antonio Costahas emphasized “the need to conclude an interconnection program between Portugal, Spain and the whole of Europe” and the role of ensuring community energy supply.

Spain told at European summit about the need to leverage funds for the EU re-power the EU -New strategy to diversify its energy sources and reduce dependence on Russia-, speed up energy interconnections with the Iberian Peninsula and deadline for execution.

There is interest in the priorities for Spain, according to Moncloa sources Electrical Interconnection with France as well as its possible alternative via the Pyrenean Hydrogen Corridor or the Mediterranean Sea, in both cases with support from European funds.

These conclusions of the agreement are included within the agreement reached between twenty-seven to promote the entry of renewable energy into the European energy mix, a commitment to which the leaders have advocated for the acceleration of concession permits for this type of project, online. With the proposal set out in the Repower EU plan.

limit import price

In addition, twenty-seven leaders have urged the European Commission to Find ways to reduce energy prices, such as ‘imposition of temporary limits on import prices’. An aspect referred to by the President of the European Council, Charles Michel, who has highlighted the importance of “exploring the possibility of introducing price ranges with international partners”.

In addition, twenty-seven have urged before next winter the promotion of the European Energy Procurement Forum, whose participation has been opened to countries in the Western Balkans as well as third countries in the East.

In addition, twenty-seven leaders have advocated for an agreement on joint gas reserves and accelerating storage levels for next winter, for which they have defended solidarity agreements and coordinated contingency plans between European partners.

In this regard, the chairman of the Community Executive, Ursula von der Leyen, explained in a press conference after the leaders’ meeting that gas storage levels have increased. The EU is at 41%, which is 5% More in terms of year-over-year. Accordingly, he has defended the improvement of community interconnections “to ensure the supply of gas”.

In a further step, the leaders of EU countries have invited the Community Executive to follow the recommendations of the report prepared by the European Agency for the Cooperation of Energy Regulators (ACER) and to take the necessary actions of the European electricity market. has adapted. Measures to reduce the impact of higher gas prices, maintain community market integrity, encourage green transition and avoid high budgetary costs.

One of the key debates of the Extraordinary Summit has been to reduce the EU’s energy dependence by diversifying into alternative sources of supply for Russia to cut ties with the Kremlin.

The debate follows a package of measures presented by the European Commission on 18 May, Reorganizing the European Union, which aims to cut Russia’s dependence on fossil fuels by 2030 and reduce dependence by two-thirds during the current exercise. An objective for which they have proposed is to accelerate the transition to green energy, promote energy interrelationships and energy efficiency in the European Union.

Europe agrees to take advantage of Spanish energy potential to break with Russia

2022-05-31 16:55:04