Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain gas demand drops as coal use increases

Source: Reuters - Sat 14th Apr 2012
Spain gas demand drops as coal use increases

Spanish gas demand extended a year-long slump in March, gas grid manager Enagas said on Friday, as coal continued to grab a larger share of the country's generating mix.

A year-on-year fall of 9.0% in March followed a jump of 11% in February when demand rose to cope with unusually cold weather.

Coal has benefited from market regulations introduced in February 2011 and from more competitive pricing with gas.

Separate data from power grid operator REE show coal has produced 18.3% of Spain's electricity in the past year, and gas 17.2%.

Demand for electricity has also been falling in Spain, closely linked to the country's faltering economic performance.

Spain needed to import 99.9% of its gas supplies in March, 39% of which came from Algeria. Liquefied natural gas, of which Spain is typically the world's fourth-biggest importer, accounted for 56% of supplies.

LNG unloaded at Spanish regasification terminals fell by 23.8% in March from the same month a year ago.

Pipeline gas imports meanwhile jumped by 26.2% from March 2011, when the 8 billion cubic metres-per-year Medgaz pipeline from Algeria entered service.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs