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Expected Gas Sourcing
Algeria, LNG ()
Benefits
Main Driver
Others
Main Driver Explanation
Integration of the Iberian Peninsula gas market with the rest of Europe
Benefit Description
The development of this project is linked to the development of a new interconnection between France and Spain by Spanish infrastructure promoters.
General Criteria Fulfilled
Yes
Specific Criteria Fulfilled
Market Integration, Security of Supply
Specific Criteria Fulfilled Comments
The project is important for the integration of the Portuguese market at Iberian and European level, improving competition and providing
shippers with access to alternative balancing gas. From the point of view of security of supply, the 3rd Interconnection Portugal-Spain is
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failure of the most important supply infrastructure of the network - the LNG Terminal in Sines - during a day of exceptionally high gas demand
occurring with a statistical probability of once in 20 years, as defined in the Regulation.
Barriers
Barrier Type
Description
Regulatory
It would be difficult to carry out an Open Season due to the size of the Portuguese market and the lack of long-term contracts in Portugal. The lack of long
term binding commitments from network users cannot guarantee the return of the investment to the Spanish system.
Others
It would be difficult to carry out an Open Season due to the size of the Portuguese market and the lack of long-term contracts in Portugal. The lack of long
term binding commitments from network users cannot guarantee the return of the investment to the Spanish system.
Market
Lack of market support
Regulatory
Low rate of return
Intergovernmental Agreements
Agreement
Agreement Description
Is Signed Agreement Signature Date
Madrid Declaration
Commission, France, Portugal and Spain sign High Level Group agreement to break energy
barriers
Yes
04/03/2015
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Current TYNDP : TYNDP 2017 - Annex A