The Algerian Rupture Will Dance Gas Supply in Spain
- The breakdown of Algeria's friendship pact with Spain will significantly affect trade relations between the two. Gas is the most exported product in Spain.
More than 90% of Spain’s imports with Algeria are gas and other fuels, totalling EUR 4.4 billion per year, which accounts for about 0.6% of the Spanish budget. In 2015, 60% of the gas consumed in Spain was from Algeria, last year it fell to 40% and in April of this year 23.4%, according to data from the Strategic Petroleum Reserve Corporation.
Because of the Russian War, many European countries have supply problems and those who do not have them have also been greatly affected by the rise in gas prices. In view of this situation, how will the Spanish State be affected by the breakdown of the Algerian friendship pact? The well-known researcher and professor Antonio Turiel told the Trece media a day that a quarter of the gas consumed in Spain today comes from Algeria and, in any case, has 20 days reserves, so if it has gas for 80 days, "but if the Algerian source is closed, it must foresee this situation much earlier."
In any case, the price of gas will increase both in Spain and, therefore, in Hego Euskal Herria. According to Turiel, Algeria has long wanted to raise the price of gas that it sells to Spain and, at the same time, wants to steer its gas market towards Italy". And are there alternatives? The researcher says no. On the one hand, gas is pumping these days from Spain like never before, to France, "because at the moment half of the nuclear power stations have stopped". On the other hand, "this week a Texas liquefaction plant has exploded and there is 20% of the gas exported from the United States. Therefore EE.UU. It exports 20 percent less."
These beliefs of Turie about the complicated situation that could arise as a result of the breakdown of the current treaty, but the researcher notes that in the future the Spanish State will become the key to the gas supply of the European Union. The European Union is already preparing and the money that Spain is receiving from the Next Generation funds has to do with that future. Those interested in deepening can follow Turiel's explanations in this interesting article of Ctxt.
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