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Regulators reject France-Spain gas interconnection project

 


 


By Reuters

PARIS
Petroleumworld 01 22 2019

French energy regulator CRE and its Spanish counterpart CNMC have rejected French and Spanish grid operators Terega and Enagas' project to build a gas pipeline across the Pyrenees, the CRE said in a statement on Tuesday.

French energy regulator CRE said in a statement that the 442 million euro ($502 million) STEP interconnector project did not respond to market needs and was not sufficiently mature to get a go-ahead from regulators.

Reuters reported last April that a report prepared for the European Commission had questioned the viability of STEP, which would have been the first part of an EU-backed 3 billion euro ($3.4 billion) Midi-Catalonia (Midcat) pipeline project that would have more than doubled the amount of gas that can be piped between the two nations.

($1 = 0.8804 euros)

 

 


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Reporting by Geert De Clercq Editing by Mathieu Rosemain from Reuters.

reuters.com 01 22 2019

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