EU ROUND UP – BRUSSELS UNVEILS MAJOR GAS INTERCONNECTOR INVESTMENT PLAN
January 1st, 2009
BY KEITH NUTHALL
THE EUROPEAN Commission has announced it wants Euro 3.5 billion of the general European Union (EU) economic recovery plan it announced in November spent on energy investment. It has proposed spending Euro 1.75 billion on gas and electricity interconnection projects; Euro 500 million on offshore wind power; and Euro 1.25 billion on carbon capture and storage. Gas projects would include Euro 250 million on the Nabucco pipeline; Euro 100 million on the ITGI-Poseidon pipeline between Greece and Italy; Euro 150 million on an interconnector between ...
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