EU allocates EUR2.3bn at gas, power connections and puts funds towards Nabucco
The European Commission has cleared EUR2.3bn from the EU’s EUR5bn economic stimulus package to help finance 43 pipeline and electricity project. Of this amount EUR1.39bn will be allocated to 31 gas pipeline projects with the remainder earmarked for electricity interconnection projects. The decision follows last December’s step to allocate EUR1.565bn to several offshore wind …




