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The Energy Union tour: Focus on Portugal

17 July 2017 , 17:30Neftegaz.RU313

European Commission Vice-President for Energy Union Maroš Šefčovič is on July 17, 2017, visiting Portugal as part of the Energy Union tour.

 

Vice-President Šefčovič met Portuguese PM António Costa and Secretary of State for Energy Jorge Seguro Sanches.

The main focus of his discussions is the Portugal's preparation of its National Energy and Climate Plan.

 

Portugal seeks to further integrate the Iberian Peninsula's energy markets with the rest of Europe.

Moreover, an Iberian Gas Market aimed at creating a single gas market covering Spain and Portugal has been in operation since the end of 2015.

 

An EU-funded project is also underway to build a further gas interconnector linking Spain with Portugal.

At present, all of Portugal's supplies of gas, oil and coal are imported. It can access gas from distant sources thanks to the  LNG terminal at Sines on the Atlantic coast, which opened in 2003.

 

Most of the country's gas currently comes from Algeria and Nigeria, most of its oil from Angola and Saudi Arabia and most of its coal from Colombia.
 

Portugal is likely to meet its target of a 31% renewable energy share by 2020.

In 2015, more than half of the energy consumed in the country came from renewable sources (mainly hydro and wind power), while in May 2016 its electricity demand was met solely by renewable energy for 4,5 days in a row.

 

As part of the 2017 Energy Union tour, the Vice-President has already visited the Netherlands, Spain, Slovakia, Sweden, Belgium, Poland, Lithuania and Hungary.

Upcoming dates and more information on the 2017 Energy Union tour are available here.

 

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