Companies & Finance

French and Spanish regulators turn down Midcat’s first phase

Energy regulators in Spain and France have ruled that building the first phase of the proposed Midcat pipeline cannot be justified from an economic perspective under the current proposal Energy regulators in Spain and France have ruled that building the first phase of the proposed Midcat pipeline cannot be justified from an economic perspective under the current proposal.
By Andreas Walstad 23 January 2019 0 33859

The French and Spanish energy regulators ruled on Tuesday that building the first phase of the proposed Midcat pipeline cannot be justified based on the investment request submitted by transmission system operators (TSOs) Teréga and Enagás.

The decision is a blow for Midcat – an EU Project of Common Interest that is designed to boost gas interconnection capacity between Spain and France. Spain has several LNG terminals and pipelines to North Africa, which means it has the potential...