EconomySpain’s rejection of Russian LNG to raise production costs in other industries, expert says
Spain’s decision to abandon Russian LNG could raise fuel prices and production costs in energy-intensive sectors including chemicals, metallurgy and fertilizers, political analyst Ilya Grashchenkov told TASS. He said a direct gas shortage is unlikely because Spain can replace supplies, but prices could rise in a cold winter, while contract disputes may lead to compensation claims and lengthy arbitration.
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TASS★★★☆☆2026-09-30 03:58Original
Spain’s rejection of Russian LNG to raise production costs in other industries, expert says