Bloomberg News

Spain Studies 1 Billion-Euro Regasification Plant by Villar Mir

October 05, 2011

(Adds background on Villar Mir in last paragraph.)

Oct. 5 (Bloomberg) -- Spain’s first regasification project without public funding, a 1 billion-euro ($1.3 billion) plant proposed by Grupo Villar Mir to feed gas to its fertilizer and metals factories, is being considered by the Industry Ministry.

The government will study the project planned in Huelva province as well as the recommendations from the nation’s energy regulator, according to a ministry official who declined to be named, in line with the agency’s policy on regulation.

Spain’s decision on whether to permit the first plant for turning the liquefied fuel into gas without being compelled to offer the output to third parties may affect suppliers such as Gas Natural SDG SA and pipeline network operator Enagas SA.

Villar Mir, owner of fertilizer maker Fertiberia SA and ferro-alloy manufacturer FerroAtlantica SL, is Spain’s largest industrial user of natural gas, the company’s website says.

--Editors: Tony Barrett, Alex Devine

To contact the editor responsible for this story: Todd White at twhite2@bloomberg.net


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