Platts: Traders Skeptical on French-Spanish MidCat Gas Line Project

Some market participants have expressed skepticism about the need for the proposed 7 Bcm MidCat gas pipeline between Spain and France, given expected LNG supply and the current size of the Spanish network.

The MidCat pipeline project is set to be built through the Catalan Pyrenees by 2020 and connect with France and on to Central European networks. The aim is to diversify the sources of gas supply in Europe and reduce European dependence on Russian gas. The project is also intended to integrate the Spanish and French gas markets further.

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