Germany, Spain Aim to Push France into Building the Pyrenean Gas Pipeline

German Chancellor Scholz and Spanish Prime Minister Sanchez pledged to strengthen their alliance to build the Pyrenean gas pipeline despite opposition from mutual neighbor France. The two leaders held their countries’ first inter-government meeting in nine years in Spain. The meeting resulted in a joint action plan, which underlines closer cooperation, especially on energy and security issues.

In a joint press conference, two leaders played down their differences on how to approach Europe’s energy crisis in the aftermath of Russia’s invasion of Ukraine.

The summit came at a time when the bloc’s traditional German-French alliance appears to start cracking and Italy has elected its most right wing government since World War II.

The action plan, published earlier on Wednesday, said the countries would “continue to lobby for a higher interconnection capacity of the Iberian Peninsula in order to enhance its contribution to the security of supply to the whole of EU”.

“The construction of a sufficiently big hydrogen-ready gas pipeline across the Pyrenees to be operative by 2025 is of paramount importance in order to achieve a truly robust internal energy market within the EU, accelerate the green transition and reinforce EU’s strategic autonomy.” the plan said.

Scholz said during the press conference that he does not have the impression France had completely ruled out the pipeline.

Spain and Germany also agreed to strengthen cooperation on defense although the two leaders said they did not discuss the issue of a German-led European missile defense shield as it had not been on the agenda.

Scholz said Germany wants to build the shield with four layers, drawing on its €100 billion special fund for the military, announced by the German government earlier this year.

Scholz also defended his €200 billion plan to fight soaring energy prices. The plan has been met with criticism from some EU members who have accused Germany of using economic power that are not available to bloc’s other members. They argue that it could erode competitiveness of other members.

While Sanchez did not directly criticize Germany over its plan, he pointed to the importance of maintaining a level playing field “so that we do not come out of this crisis with greater economic differences between countries.”

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today

Subscribe to Top Insights Today

Subscribe to Executive Newsletter Top Insights Today

The Executive Newsletter -Top Insights Today- puts global business events in perspective through special insights

Join the ranks of global executives and subscribe to Top Insights Today

Top Insights Today covers insights on energy, clean-tech, oil&gas, mining, rare earths, defense, aviation, infrastructure, manufacturing, electrical vehicles, big-tech, finance and politics of business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

EU Lawmakers to Vote on Climate Change Policy This Week

The European Parliament is set to vote this week on a series of EU climate change policies that aim cut the bloc’s emissions over the next decade. The lawmakers will face multiple amendments in proposals, which make the outcome uncertain for some of the most ambitious plans. 

Volkswagen Aims to Enter the Mining Business in Canada

Volkswagen aims to venture into the Canada mining industry to secure raw material supply for battery production. The German automaker’s board member Schmall said the business venture would not include opening any mines of the company’s own, but they want to acquire stakes in Canadian mines and mine operators. 

Trafigura Secures $800 Million Loan from Germany for Strategic Metals

Singapore-based Trafigura, the world’s biggest private metals trading firm, announced on Friday it signed an $800 million five-year loan agreement guaranteed by the government of Germany. The company said the loan, being provided under Germany’s Untied Loan Programme, will support its commitment to deliver up to 500,000 tonnes of non-ferrous metals to Germany according to a five year supply agreement.

Stay informed

error: This content is protected !!