ENERGY INVESTMENT PROJECTS APPROVED BY EU HEADS OF GOVERNMENT
March 1st, 2009
BY KEITH NUTHALL
EUROPEAN Union (EU) heads of government have approved Euro 3.9 billion in EU spending on energy investment projects, after they finally finished wrangling over the detail of this keystone of their economic stimulus package.
As expected, the final programme has more projects in southern and eastern Europe than in previous drafts. It also includes a commitment to spend Euro 200 million on the Nabucco gas pipeline within Austria, Hungary, Bulgaria, Germany and Romania.
The need to move gas around central and south-east Europe during supply crises, ...
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