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Spain: TotalEnergies and RWE penalized for LNG delivery failures

The Spanish competition authority has announced that it has fined the German energy group RWE and the French company TotalEnergies.

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The Spanish competition authority has announced that it has fined German energy group RWE and France’s TotalEnergies for failing to meet their commitments to deliver LNG to Spanish ports in 2021.

The German group was fined 3.6 million euros, and its French competitor 1.2 million fines, said in a short statement the Spanish National Commission for Markets and Competition (CNMC).

The fines were imposed because the two companies “failed to meet their contractual obligations” to “communicate changes in their supply and delivery schedules” within a “minimum of five days,” the CNMC said.

According to the competition watchdog, these breaches relate to “cancellations” of LNG (liquefied natural gas) deliveries by ship in June 2021.

Spain, with six LNG terminals, has the largest regasification capacity in the European Union. The country has been trying to assert itself since the beginning of the war in Ukraine as one of the main gas gateways to Europe.

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