ENTSOG GRIP South - Main Report

Main result highlighted in Figure 6.25 is the effect of merging GRTgaz North and South zones: the network transmission capacity would offer enough flexibility to in- crease the utilization of the LNG Terminals in the South of France simultaneously with themaximum gas flow from Spain though the interconnection IPs FID and n- FID (Larrau+Biriatou+Le Perthus). Figure 6.26 shows the increment of the evolution in the utilization factor in the Iberian LNG Terminals according to the level of interconnection capacity with France. Main result highlighted in Figure 6.26 is the effect of developing the n-FID IP (MidCat project) andmerging GRTgaz North and South zones in the utilization of the Iberian LNG Terminals. The utilization factor showed in the graphs represents a “flat” utilization of the Iberian LNG Terminals, meaning that this utilization could increasedue to the roleplayed for these facilities in the IberianPeninsulacontribut- ing to the seasonal/weekly/dailymodulation of the demand.

Evolution of LNG terminals utilization factor with the current IPs

Evolution of LNG Evolution of LNG terminals utilization factor developingMidcat &merge GRTgaz North South

100 90 80 %

100 90 80 %

60 50 40 30 20 10 70

60 50 40 30 20 10 70

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 0

LNG Terminal “Cluster”:

Existing+ FID

Existing+ FID+ nFID

LNG Terminal “Cluster”:

Existing+ FID

Existing+ FID+ nFID

Figure 6.26: Utilization factor of the LNG Terminals in the Iberian Peninsula –maximum gas flow South to North

Complete integration of this new source to central Europe requires thedevelopment of reverse flow from France toGermany. So, main conclusion for this analysis indicates that the new corridor “Bidirectional gas flowbetweenPortugal, Spain, France andGermany” facilitate the integration of the current and new LNG Terminals in the area, increasing liquidity in themarket, and opening possibilities of arbitrage between the different European gas sources.

ENTSOG–GRIPSouth 2013–2022 |

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