Natural Gas Export of Spain: The in-depth Trade Overview of 2024

Natural gas, a type of fossil fuel occurring beneath the earth’s surface, is one of the topmost traded global commodities at present. It is because of the higher global demand and the uneven geographic supply. The rapidly evolving infrastructure and support, along with the economic importance, have been increasing the overall trade revenue. Spain Import Data says, the country in southwestern Europe, bordered by Portugal and the Mediterranean Sea in the west and south direction, have emerged as a leading substantial contributor to the worldwide export market of natural gas due to the extensive LNG reclassification and the high system availability.

The increased exports to Morocco and the enhanced export volumes, accompanied by industrial demand growth, have resulted in a total valuation of natural gas exports from Spain worth 11 billion US dollars in 2024. The pipeline linkages with North Africa and the system’s robustness have benefited the overall trade rate. Subscribe to ImportGlobals, the leading Spain importexport trade provider, to stay updated with the latest information regarding the natural gas export of the nation via the Spain Trade Data.

GOVERNMENT INITIATIVE SUPPORTING THE NATURAL GAS EXPORT OF SPAIN IN 2024

The H2MED has strengthened its strategic role in the European energy infrastructure. The regulatory updates on gas transport reclassification have made Spain’s gas infrastructure more competitive. The measures under Real Decreto-Ley have helped the authorities maintain infrastructure reliability while indirectly supporting the ability of the country to continue exporting LNG and natural gas to Spain.

Compliance with the definition of LNG loading control has improved the legal certainty for international buyers. The facilitating broader energy diversification and security through active infrastructure has bolstered the reputation of the country as a reliable supplier and re-export point for natural gas, with increased supply to the neighbouring markets.

THE LEADING VARIANTS OF NATURAL GAS EXPORTED FROM SPAIN IN 2024

The significant LNG storage capacity and the cross-border business collaboration have led to a diversity in the global trade output. According to the Spain Export Data, the topmost variants of natural gas exported from the nation in 2024 are,

LNG (Liquefied Natural Gas) — The annual valuation of LNG (Liquefied Natural Gas) exported from Spain in 2024–3.4 billion US dollars
Pipeline Natural Gas — The annual valuation of Pipeline Natural Gas exported from Spain in 2024–2.89 billion US dollars
Regasified LNG (rLNG) — The annual valuation of Regasified LNG (rLNG) exported from Spain in 2024–2 billion US dollars
US LNG — The annual valuation of US LNG exported from Spain in 2024–1.87 billion US dollars
Algerian LNG — The annual valuation of Algerian LNG exported from Spain in 2024–1.65 billion US dollars
Qatari LNG — The annual valuation of Qatari LNG exported from Spain in 2024–1.54 billion US dollars
Biomethane-enriched Gas — The annual valuation of Biomethane-enriched Gas exported from Spain in 2024–900 million US dollars
High-Methane LNG — The annual valuation of High-Methane LNG exported from Spain in 2024–765 million US dollars
Compressed Natural Gas (CNG) — The annual valuation of Compressed Natural Gas (CNG) exported from Spain in 2024–642 million US dollars
North African Pipeline Gas — The annual valuation of North African Pipeline Gas exported from Spain in 2024–542 million US dollars

TOP EXPORT TRADE PARTNERS OF SPAIN IN 2024

The export opportunities to North African pipelines and the competitive access to US LNG imports have promoted the bilateral relationship with the topmost importing regions. According to the Spain Customs Data, the top trade partners of the nation for natural gas exports in 2024 are,

Germany — The total valuation of natural gas exported from Spain to Germany in 2024–2.91 billion US dollars