cross-posted from: https://exploding-heads.com/post/34619

The Iberian gas market has been a strange one in recent decades. The historically criticized approach by Spain to build an excessive LNG regasification and storage capacity now seems to have been a wise one.

The Iberian Peninsula not only receives LNG from all over the world but it also is connected via pipelines to Algeria, meaning a multitude of inroads exists.

However, there is no main interconnection between the Iberian gas pipeline infrastructure and the rest of Europe. Spain has six LNG regasification plants, including Europe’s largest, in Barcelona. Portugal has one too.

The Iberian Peninsula holds around 30% of total Europe’s LNG processing capacity.