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Oil, Gas, Petrochemical and Energy Field Specialized Channel

France, Spain, Portugal to Diversify Energy Sources

The strategy would help reduce Europe's reliance on Russian gas, and the U.S. government is keen to increase energy exports.

The leaders of France, Spain, and Portugal say they are moving ahead with plans to diversify their energy sources, which could mean more imports of liquefied natural gas from the United States.

The leaders said after a three-way energy summit Friday it is "essential" to build infrastructures enabling them to import, store and transport natural gas, including through new pipelines described as "key."

Portugal is keen to keep large quantities of U.S. natural gas in underground storage facilities at one of its Atlantic ports and send it via pipeline across Spain into France.

The strategy would help reduce Europe's reliance on Russian gas, and the U.S. government is keen to increase energy exports.

The three countries regard gas as a stopgap as they increasingly shift from coal to renewable energy sources.

EU Climate Action and Energy Commissioner Miguel Arias Canete, French President Emmanuel Macron, Portuguese Prime Minister Antonio Costa, Spanish Prime Minister Pedro Sanchez and Vice President of European Investment Bank Emma Navarro, from left to right, attend a group picture during the Summit for Energy Interconnections at the European Maritime Safety Agency headquarters in Lisbon Friday, July 27, 2018.

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