EU grants funds for Croatian LNG terminal, natural gas projects

EU grants funds for Croatian LNG terminal, natural gas projects
Image courtesy of European Commission

The EU Member States have approved the Commission’s proposal to invest €873 million ($1.09 billion) in key European energy infrastructure projects.

The projects include the works on Phase 1 of the development of the Croatian LNG terminal and the liquefied natural gas evacuation pipeline from the terminal site in Omisalj to Slobodnica, being undertaken by the Croatian transmission system operator Plinacro.

The project was granted a maximum of €16.4 million of EU assistance.

In addition, the CEF funding will be provided for introduction of natural gas in Cyprus through the CyprusGas2EU project (€101 million) aiming to end the current energy isolation of Cyprus, bring diversification to a region mostly dominated by one single source of supply.

Funding, €3.7 million, will also be awarded for a study on the Malta-Italy Gas Interconnection which aims to end Malta’s isolation from the European gas network.

This interconnector will link Malta to the Italian market, enhancing the island’s security of supply in gas in a similar way a sub-sea cable funded by an earlier EU programme has done for the electricity sector.

1 EUR = 1.24892 USD