EU ROUND UP – BRUSSELS PLOTS LAW TO BREAK GAS INFRASTRICTURE FINANCING LOGJAMS
July 1st, 2011
BY KEITH NUTHALL
THE EUROPEAN Commission is drafting legislation seeking to break regulatory and financial logjams preventing the European Union (EU) achieving ambitious planned gas infrastructure investments. A Commission working paper predicts the proposal will come in October and warned red-tape and financial shortages are potentially delaying cross-border interconnection and pipeline projects worth billions of Euros.
The paper says EUR70 billion is needed for new "high pressure gas transmission pipelines (coming into the EU and between EU member ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.