Spain, Portugal urge energy coordination as Russia supply fears rise

"Spanish and Portugese officials called on Thursday for Europe to cooperate more closely on managing energy supplies after major producer Russia's invasion of Ukraine heightened fears of disruptions.

Unlike many of the countries on the continent, which in total relies on Russia for 40% of its gas, neither country on the Iberian peninsula counts Russia among its main providers.

Portuguese Prime Minister Antonio Costa said on Thursday that the Portuguese deep-water port of Sines - the closest European port to the United States, "has the infrastructure to host and export natural gas to Europe". Reuters