EU energy ministers debate gas project funding
EU energy ministers are gathering in Luxembourg today to discuss whether or not funding support for gas infrastructure projects should be continued.
The European Commission has proposed changes to the TEN-E rules that define what can be classified as projects of common interest (PCIs), which enjoy access to grants and fast-track permitting. The European Commission (EC) proposed last December revising the TEN-E regulations to close the door on support for gas infrastructure, in order to align EU energy policy with its latest climate goals.
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Energy ministers are meeting to try and find a common position, ahead of negotiating the final rules with the European Parliament. Eleven EU states mostly in west Europe have called for gas projects to be excluded from PCI lists, Reuters recently reported.
European energy commissioner Kadri Simson said on June 11 she hoped and expected that the rules would be changed to remove support for fossil fuel projects.