First CEF projects receive EU funding

The European Union’s Innovation and Networks Executive Agency (INEA) has signed the first 15 Connecting Europe facility (CEF) grant agreements.

These grant agreements will support projects improving trans-European electricity and gas infrastructure, including an LNG facility in Greece.v

A total of 34 projects worth €648 million in EU funding have been selected under the 2014 CEF Energy call for proposals. The projects aim to upgrade existing and develop new energy transmission infrastructures to match future demand for energy, ensure security of supply, and support large scale deployment of energy from renewable sources.

LNG facility

The project 'Front End Engineering Design (FEED) & preparation of the EPC/ITT dossier' (€1.8 million in EU contribution) will prepare the design, as well as the technical and administrative part for the launch of works to construct a new offshore LNG facility in Greece and connect it to the national natural gas transmission system.

The projects were selected through a competitive call for proposals with the assistance of external experts. 68 project proposals for a total of €1.6 billion were submitted for this call for proposals.

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01052015/greek-lng-project-selected-for-eu-funding-678/