EU priority project list to favour electricity over gas

A forthcoming list of ‘projects of common interest’ eligible for EU co-financing will focus on electricity, with gas infrastructure only receiving support if essential for security of supply

A forthcoming list of ‘projects of common interest’ eligible for EU co-financing will focus mainly on electricity investments, with gas infrastructures only receiving support if deemed essential for security of supply, European Commission vice president for climate and energy Miguel Arias Cañete said on Tuesday.

“In the list we will publish at the end of November, you will see there is a big shift from gas to electricity,” Cañete told reporters on the sidelines of a conference in Brussels on financing Europe’s green energy transition.

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