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Spain plans to create virtual LNG hub from 2020

The country will launch the new hub in in January in a move to tackle congestion at some LNG terminals and under-utilisation at others The country will launch the new hub in in January in a move to tackle congestion at some LNG terminals and under-utilisation at others.
By Anna Gumbau 4 November 2019 Europe & Russia / LNG 0 34751
Spain's Barcelona LNG terminal. (Enagas)

Spain plans to adopt a new system for LNG operations from January aimed at tackling the underutilisation of some of its LNG terminals and improving liquidity in its market.

The proposal, put forward by national regulator the CNMC, paves the way for creating a unified management system across Spain’s six operating LNG terminals – Barcelona, Sagunt, Bilbao, Mugardos, Huelva and Cartagena – and will concentrate regasification and storage into a single hub.

The plan seeks to address low utilisation rates at many of Spain’s...