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EU Skeptical on Plan for Iberian Gas Pipeline to France

  • Spain has revived project after Russia’s invasion of Ukraine
  • Europe considering options including intervention, price caps
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European Union officials remain skeptical about the benefits of a proposed gas pipeline connecting the Iberian Peninsula with the rest of Europe, despite the risk of further cut-offs by Russia.

The European Commission, the EU’s executive arm, considers that technical assessments show the new infrastructure would achieve no benefits and could take up to seven years to complete, according to an EU official who declined to be named on a confidential issue.