Spain “Respects” the German Energy Package, Target of Many European Critics

Spain "respects" Germany's decision to implement a support plan to protect its economy from the energy crisis.

Share:

Gain full professional access to energynews.pro from 4.90£/month.
Designed for decision-makers, with no long-term commitment.

Over 30,000 articles published since 2021.
150 new market analyses every week to decode global energy trends.

Monthly Digital PRO PASS

Immediate Access
4.90£/month*

No commitment – cancel anytime, activation in 2 minutes.

*Special launch offer: 1st month at the indicated price, then 14.90 £/month, no long-term commitment.

Annual Digital PRO Pass

Full Annual Access
99£/year*

To access all of energynews.pro without any limits

*Introductory annual price for year one, automatically renewed at 149.00 £/year from the second year.

Spain “respects” Germany’s decision to put in place a 200 billion euro support plan to protect its economy from the energy crisis, the Spanish Prime Minister said Wednesday, while the measure is the subject of much criticism in Europe.

“We respect the decision of the German government,” said the socialist Pedro Sanchez at a joint press conference with German Chancellor Olaf Scholz in A Coruña, in northwestern Spain.

We must be “empathetic with the situation that Germany is going through, which sees its economy, its industry and German homes more affected by the war” in Ukraine, said the Spanish Prime Minister.

Germany “being the main European economy, we all want it to do well economically”, commented Pedro Sánchez.

France and other European Union officials have expressed concern about Germany’s initiative, accused of going it alone with its 200 billion euro support plan to protect households and businesses, and have suggested better coordination of national plans.

EU leaders are calling for collective solutions to the energy crisis: since the start of the war in Ukraine and the sanctions against Russia, Moscow has drastically reduced its
natural gas supply.

Germany is the country most affected by this shortage of cheap gas, a shortage that affects its industry.

For his part, Olaf Scholz defended his energy package. The chancellor explained that plans with the same objectives had been announced in several European countries, such as Spain and France.

If we take into account “the size of the German economy”, the Berlin plan is in line with “the decisions taken in other countries”, he said.

He also reiterated his support “explicitly” for the MidCat, a gas pipeline project between Catalonia (in northeastern Spain) and southeastern France, an idea defended by Madrid and opposed by Paris.

Work on the pipeline had been halted in 2019 due to its environmental impact and an economic interest then considered limited, but since then Spain has reactivated the idea of such a pipeline in the midst of the energy crisis.

Supported by Madrid but also by Berlin, which sees it as a way to reduce the EU’s dependence on Russian gas, MidCat (short for Midi-Catalogna) would allow Spain, which has 30% of Europe’s liquefied natural gas (LNG) regasification capacity, to export gas by ship from the United States or Qatar to the rest of Europe.

A sudden fault on the national grid cut electricity supply to several regions of Nigeria, reigniting concerns about the stability of the transmission system.
Re-elected president Irfaan Ali announces stricter production-sharing agreements to increase national economic returns.
Coal India issues tenders to develop 5 GW of renewable capacity, split between solar and wind, as part of its long-term energy strategy.
US utilities anticipate a rapid increase in high-intensity loads, targeting 147 GW of new capacity by 2035, with a strategic shift toward deregulated markets.
France opens a national consultation on RTE’s plan to invest €100 billion by 2040 to modernise the high-voltage electricity transmission grid.
Governor Gavin Newsom orders state agencies to fast-track clean energy projects to capture Inflation Reduction Act credits before deadlines expire.
Germany’s energy transition could cost up to €5.4tn ($6.3tn) by 2049, according to the main industry organisation, raising concerns over national competitiveness.
Facing blackouts imposed by the authorities, small businesses in Iran record mounting losses amid drought, fuel shortages and pressure on the national power grid.
Russian group T Plus plans to stabilise its electricity output at 57.6 TWh in 2025, despite a decline recorded in the first half of the year, according to Chief Executive Officer Pavel Snikkars.
In France, the Commission de régulation de l’énergie issues a clarification on ten statements shared over the summer, correcting several figures regarding tariffs, production and investments in the electricity sector.
A group of 85 researchers challenges the scientific validity of the climate report released by the US Department of Energy, citing partial methods and the absence of independent peer review.
Five energy infrastructure projects have been added to the list of cross-border renewable projects, making them eligible for financial support under the CEF Energy programme.
The Tanzanian government launches a national consultation to accelerate the rollout of compressed natural gas, mobilising public and private financing to secure energy supply and lower fuel costs.
The Kuwaiti government has invited three international consortia to submit bids for the first phase of the Al Khairan project, combining power generation and desalination.
Nigeria’s state-owned oil company abandons plans to sell the Port Harcourt refinery and confirms a maintenance programme despite high operating costs.
The publication of the Multiannual Energy Programme decree, awaited for two years, is compromised by internal political tensions, jeopardising strategic investments in nuclear and renewables.
The US Energy Information Administration reschedules or cancels several publications, affecting the availability of critical data for oil, gas and renewables markets.
Brazilian authorities have launched a large-scale operation targeting a money laundering system linked to the fuel sector, involving investment funds, fintechs, and more than 1,000 service stations across the country.
A national study by the Davies Group reveals widespread American support for the simultaneous development of both renewable and fossil energy sources, with strong approval for natural gas and solar energy.
The South Korean government compels ten petrochemical groups to cut up to 3.7 million tons of naphtha cracking per year, tying financial and tax support to swift and documented restructuring measures.

Log in to read this article

You'll also have access to a selection of our best content.