Commissioner: EU Countries Can Tap Recovery Fund to Boost LNG Capacity
6/5/2022
(Reuters) — European Union countries will be allowed to use money coming from the EU recovery fund, created to support post-pandemic economic growth, to boost their LNG capacity, EU Commissioner Paolo Gentiloni said on Saturday.
Since Russia's invasion of Ukraine, EU countries have been scrambling to cut their dependence on Russian gas imports.
Building new infrastructure to import additional liquefied natural gas is part of the EU strategy.
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Pipeline Project Spotlight
Owner:
East African Crude Oil Pipeline Company
Project:
East African Crude Oil Pipeline (EACOP)
Type:
TotalEnergies in discussions with a Chinese company after Russian supplier Chelpipe was hit by sanctions.
Length:
902 miles (1,443 km)
Capacity:
200,000 b/d
Start:
2022
Completion:
2025
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