Our system of operative terminals (six, after the last one came into full commercial operation in Mugardos
in the Galician estuary of Ferrol) has the highest capacity in Europe, with 2.2 million m3 of LNG in storage
and a production of 1,908 GW/day. This is joined by the flexibility provided by the two connections with
Portugal, which, together with the unloading and regasification plant at Sines, strengthened the safety of
the gas systems of both countries.
The Spanish system’s capacity for operative terminals is the highest in Europe.
With regard to the connections with France, the two currently in existence (Irun and Larrau) are to be joined
in the near future by a third connection that is currently under study and is at an advanced stage.
It is to connect with France via Figueres (Catalonia) with a 36" gas pipeline.
The forecasts indicate that by 2011, a transport capacity of 5 bcm will be reached by the three connections with France in both directions.
This figure is to be increase to 12 bcm by 2015.
In addition, the Iberian peninsular is located in the middle of the LNG traffic route between
the southern Mediterranean and the Middle East with the USA, a country that has become a world reference in
gas prices and which is the destination of increasing quantities of LNG.
The progress currently being made in the process for creating the Iberian gas market on the peninsula is also worthy of special mention.
Current forecasts point to the Portuguese market being deregulated by January 2010, a necessary
step in the creation of Mibgas.
In short, owing to the increase in the number of terminals and storage tanks, the gas emission capacity, activities
in progress (such as the Medgaz project) and those planned for the short and mid-term, such as the
development of connections with France, the situation of the Spanish gas system is on the road to
increasing its supply capacity and safety.