EU countries can tap recovery fund to boost LNG capacity
6/6/2022
(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, 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.
(Reporting by Francesca Landini Editing by Mark Heinrich)
Sign up to Receive Our Newsletter
- Mitsubishi Heavy Industries Compressor acquires Swiss rotating equipment maintenance company AST Turbo AG
- Digital Exclusive: Evolving pressure relief valve designs protect LNG facilities
- Qatar’s Ras Laffan LNG hub hit by missile attack, ‘extensive damage’ reported
- JGC-Hyundai JV awarded EPC contract for major low-carbon LNG plant project in Papua New Guinea
- Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years
Comments