Iberia waits on Europe's LNG sidelines
Spain and Portugal want to become a gateway for Europe’s LNG imports, but cheaper pipeline gas is a formidable competitor
Plans to position Iberia as a liquefied natural gas gateway for Europe hold promise of ending the peninsula's outlier status in the continent's energy markets while also boosting the continent's energy sovereignty. But the ambitions face regional competition, geographic realities and uncertainty over future European gas demand. At a trilateral summit in Lisbon last week, the leaders of France, Spain and Portugal spoke of the potential for new gas connections to both reduce Europe's reliance on energy imports and to end bottlenecks keeping the Iberian Peninsula isolated from core regional markets. "It is essential to develop transport, storage and import [gas] infrastructure that will allow
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
