Sines Port admin ponders new European gas terminal

 In Energy, News

The Administration of Sines and Algarve Ports (APS) has given assurances that there “is the capacity to build a new liquified natural gas terminal” (LNG) in Portugal.

This would “up storage capacity” for Europe states the company according to the business title Journal de Negócios (paywalled) in an article on Wednesday.
The statement was made after the TV commentator Luís Marques Mendes told the TV station SIC that Brussels was prepared to “boost the interconnections between the Iberian peninsula and France to take gas to Central Europe”, seeking an alternative to buying gas from Russia”.
But a new liquid gas terminal at Sines can only go ahead when technical constraints in the interlinks between Spain and France are resolved. Moreover, even if it does go ahead, this investment could take around two years and it has yet to be decided who will foot the bill for its construction.
In statements to the business title Negócios, the President of the Sines Logistics and Port Community Jorge d’Almeida says that a large (fuel) tanker already docks at the Port of Sines every five days and berthed at REN’s (An electricity and natural gas transport and infrastructure company) and LNG terminal.