Natural gas

Energy Secretary Luz Elena González Escobar announced a plan to increase natural gas production and cut import dependency, alongside President Claudia Sheinbaum. The initiative features a technical committee for sustainable practices and speeds up renewables to 38% by 2030.

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Spain's National Commission on Markets and Competition (CNMC) approved on Tuesday a proposal setting remuneration methodology for natural gas distribution networks for 2027-2032, keeping base levels steady with a 2% improvement. It rejects industry calls for 2020 cut compensation and adds incentives for biomethane injection and digitalization. The plan enters public consultation today.