Spain’s Regulator Approves LNG, Storage Mechanism

Spanish gas regulator CNMC has approved a new mechanism to control access to grid infrastructure that will favor competition and liquidity for LNG services in the country while increasing plant utilization, it said Monday.

The new mechanism covers third-party access to infrastructure and includes definitions of services and capacityproducts, allocation procedures and the general criteria of the system’s technical functions.

It will allow contracting in an individual or bundled manner, meaning shippers can combine the…

View entirety: Platts