EU ROUND UP – ENERGY INFRASTRUCTURE DEAL STRUCK BY EU HEADS OF GOVERNMENT

BY KEITH NUTHALL DOCUMENTS released by European Union (EU) heads of government detailing their approval of a Euro 3.9 billion in EU spending on energy investment projects includes a commitment to spend Euro 200 million on the Nabucco gas pipeline within Austria, Hungary, Bulgaria, Germany and Romania. The German government had pushed for explicit mentions of Nabucco to be excluded from the document, but it was reinstated following pressure from Poland. The summit also approved Euro 310 million of spending on regional gas interconnection projects linking ...


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