MADRID -European Union vitality ministers are on account of meet on Friday to debate organising caps on Russian pure fuel costs, Spanish Power Minister Teresa Ribera stated on Tuesday, including she had advised utilities to be ready for extra restrictions from Russia.
She stated the European Fee, which is main the discussions between vitality ministers, had circulated proposals that embrace caps on the worth paid by EU nations for Russian fuel pumped by pipelines or delivered by sea.
Spanish corporations have elevated maritime deliveries of liquefied pure fuel from Russia throughout summer season however annual deliveries will keep round 7% of imports as regular, she stated.
“Now we have advised Spanish corporations and those that function on the trade it is very important get ready and get ensures forward of a possible restrict on the entry to fuel tankers with liquefied fuel from Russia,” Ribera advised reporters.
A draft doc, seen by Reuters, stated the ministers would think about choices together with a value cap on imported fuel, a value cap on fuel used to provide electrical energy, or briefly eradicating fuel energy crops from the present EU system of setting electrical energy costs.
The development of a brand new pipeline connecting the Spanish and French fuel grids, referred to as Midcat, will seemingly be mentioned on the Friday assembly, Ribera stated.
German Chancellor Olaf Scholz final month pushed for the development of a pipeline from Portugal by Spain and France to central Europe to wean Europe from Russian vitality dependence, saying he had lobbied strongly for such a mission.
Nonetheless, French President Emmanuel Macron stated on Monday such a pipeline was not obligatory since capability on the 2 current cross-Pyrenees fuel pipelines was under-utilised and that fuel flows had been going primarily within the route of Spain.
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