Argentina announced on Tuesday it was ready to create a joint venture with Spain to supply gas to Europe, which is seeking to become independent from Russia’s energy due to the country’s aggression against Ukraine.
Argentinian President Alberto Fernández said after a discussion with Spanish Prime Minister Pedro Sánchez on Tuesday that Argentina had a perfect synergy with Spain to ease the crisis caused by Russia and was ready to become a stable energy supplier to Europe.
Argentina tiene una preocupación central por los problemas para la seguridad alimentaria y la provisión energética. Podemos ser un proveedor estable de energía y también aportar, no solo materias primas, sino biotecnología aplicada. Dimos el primer paso para avanzar hacia ello. pic.twitter.com/4CWTcqzRNE
— Alberto Fernández (@alferdez) May 10, 2022
As the second largest producer of unconventional gas in the world, Argentina could supply liquified gas to Spain, which has 30 percent of the plants that regasify liquefied gas. The liquified gas would be then turned into natural gas and distributed from Spain to the rest of Europe.
The plan comes in response to European efforts to cut off Russian gas imports in order to stop the indirect funding of Russia’s invasion of Ukraine.
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