Spain

One of Mexico’s main private sector electric power companies is significantly reducing its footprint in the country. Meanwhile, Mexico state utility Comisión Federal de Electricidad (CFE) has snatched another chunk of the nation’s natural gas-heavy generation pie. On Tuesday, Mexico’s government said CFE was purchasing 12 natural gas combined-cycle plants and one 100 GW wind…

France, Portugal and Spain have agreed to plan new energy connections between the three countries, not through an expansion of the Midi-Catalonia natural gas project – or MidCat – but through a “green energy corridor,” the countries’ leaders said in a joint statement. Ahead of the European Commission’s Thursday meeting on energy price policies in…

Global natural gas prices continued a relentless move higher on Friday, as spot prices in Spain shattered records and all-time highs in the northern Asia market showed no signs of slowing amid a cold snap and supply crunch supporting the bullish run.  In Spain, a major gas-consuming country that hosts more liquefied natural gas (LNG)…

Spain’s Repsol could opt to sell its 75% stake in the Canaport LNG terminal in Saint John, NB, as part of a plan to refocus operations and streamline its balance sheet, the company confirmed.

In the wake of last week’s decision by the Argentine government to nationalize YPF SA, Moody’s Investors Service has placed Spain’s Repsol and Maritimes & Northeast Pipeline LLC (M&N) under review for possible downgrades.

The governing boards of Mexico’s Petroleos Mexicanos (Pemex) and Spain’s Repsol YPF announced Tuesday that they have signed a 10-year strategic alliance and plan to cooperate in several areas, including exploration and production (E&P) and liquefied natural gas (LNG).

Even in a period of slowing U.S. wind development, Spain-based Iberdrola Renewables announced that it will spend $6 billion in the United States for new and upgraded wind developments through the end of this year. Iberdrola Chairman Ignacio Galan made the commitment during a meeting earlier in May with the U.S. secretaries of Energy and Commerce. The company head said $3.9 billion will be focused on construction of new wind farms and they will be eligible for up to $1 billion from the Department of Energy’s loan guarantees under the federal stimulus program. The remaining $2.1 billion in investment will be used for what Iberdrola called “improving the quality of supply” to an existing base of 2.4 million customers that Iberdrola serves in the United States. Iberdrola said it installed 1.78 GW of wind power capacity last year in the United States, and it estimates that 1.5 GW of U.S. wind power will be added this year.

Cheniere Energy Inc. announced Thursday that it has entered into negotiations with two European companies — Spain’s Endesa SA and Italy’s Enel Trade SpA — to contract up to 1.5 million tons per annum (mt/year) of bi-directional liquefied natural gas (LNG) processing capacity at the Sabine Pass LNG terminal in Louisiana.

Cheniere Energy Inc. announced Thursday that it has entered into negotiations with two European companies — Spain’s Endesa SA and Italy’s Enel Trade SpA — to contract up to 1.5 million tons per annum (mt/year) of bi-directional liquefied natural gas (LNG) processing capacity at the Sabine Pass LNG terminal in Louisiana.