€647m for energy projects Connecting Europe

The European Commission has confirmed funding totalling €647 million (£511m) for infrastructure projects that boost energy flow across member states. Most of the funding will go towards gas projects, including […]

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By Priyanka Shrestha

The European Commission has confirmed funding totalling €647 million (£511m) for infrastructure projects that boost energy flow across member states.

Most of the funding will go towards gas projects, including the construction of new pipelines as well as terminals to ship liquefied natural gas (LNG) in the Baltic region, Central Eastern and South Eastern Europe.

Other projects include a feasibility study for a 700-kilometre long subsea high-voltage cable between Norway and the UK and a smart grid project on the border of Ireland and the UK.

They will boost Europe’s energy security and help end the isolation of Member States from EU-wide energy networks, the Commission said.

It is part of the first call for proposals under the Connecting Europe Facility (CEF) announced earlier this year.

Günther H. Oettinger, Vice-President of the European Commission responsible for energy said: “The geopolitical crisis has highlighted the need to better connect energy networks. This is also crucial for an integrated energy market where consumers get the best value for their money.”

The funding will be shared by 34 projects in total.