European Union Member States agreed on the European Commission’s proposal to allocate €150 million to key trans-European energy infrastructure projects.
The bulk of the support will go to projects in Central Eastern and South Eastern Europe as well as to projects in the Baltic region, a statement by the commission reveals.
In total, 20 projects were selected following a call for proposals under the Connecting Europe Facility, an EU funding program for infrastructure. The selected projects will increase energy security and help end the isolation of Member States from EU-wide energy networks. They will also contribute to the completion of a European energy market and the integration of renewable energy sources into the electricity grid.
In the LNG sector, a route identification study including conceptual design and preparatory activities for the permitting process for a gas pipeline connection between Malta and Sicily that would include an FRSU received €400,000, while LNG Croatia received €550,000 for a field and laboratory investigation study and preparation of reports for an LNG regasification vessel in Krk. Another Croatian company, Plinacro received €2,250,000 for a pre-investment phase for the project of the main LNG transit gas pipeline Zlobin-BosiljevoSisak-Kozarac-Slobodnica.
In the baltic region, Gasum received €3,385,000 for pre-FID studies for Finngulf LNG terminal.
The overall goal of the projects selected for financial support is to enhance the security of supply and improve market integration through the diversification of sources and routes, the commission said.
LNG World News Staff; Image: Gasum