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EU Commission presents funding list – also with gas projects

Friday, 11/19/2021 4:31 PM from

dpa-AFX

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BRUSSELS (dpa-AFX) – The European Commission wants to continue promoting certain energy-gas projects. On Friday the Brussels authority published a new list of so-called Projects of Common Interest (PCI). The list includes projects to expand power grids and systems for carbon storage, as well as gas pipelines. The list is explosive because PCIs can be approved and funded with EU funds faster.

The commission lists a total of 98 projects: 67 projects to expand electricity networks or to store electricity, 20 gas projects, six projects for CO2 infrastructure and five projects to make energy networks more intelligent and digital – so-called “smart” networks.

According to the Commission, the projects were selected because they either expand networks, improve competition, contribute to energy security or sustainability. They should also work in at least two Member States.

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