- Business
- Childbirth & Education
- Legal Formalities
- Motoring
- Other
- Pensions & Benefits
- Property & Accommodation
- Taxes
- Airports and Airlines Spain
- Paramount Theme Park Murcia Spain
- Corvera International Airport Murcia Spain
- Join us for Tea on the Terrace
- When Expat Eyes Are Smiling
- Meet Wincham at The Homes, Gardens & Lifestyle Show, Calpe
- QROPS 2014
- Spain Increases IHT in Valencia & Murcia
- Removals to Spain v Exports from Spain
- The Charm of Seville
- Gibraltar Relations
- Retiro Park : Madrid
- Community Insurance in Spain
- Calendar Girls
- Considerations when Insuring your Boat in Spain
- QROPS – HMRC Introduces changes that create havoc in the market place
- QROPS – All Change From April 2012
- Liva & Laia : 15th November
A gas field with potential to supply Spain's requirements for the next five years has been discovered under Alava in the Basque Country.
The regional president has reported that that surveys have identified 13 unconventional gas holdings of around 180 billion cubic meters in an area known as Gran Enara.
The president said how the regional government will invest 40 million euros in the project while the two privately held US companies, Heyco Energy and Cambria Europe, will invest 60 million euros between them.
Two wells are to be drilled initially see if extraction is technically feasible and economically viable.
Natuaral gas currently accounts for 42% of the region's energy demands, and Spain imports almost 100% of its gas and oil supply.
Non-conventional gas is fuel that is attached firmly to subterranean rocks, rather than sitting in pockets, and is more difficult and costly to extract.