Reuters are reporting that the European Commission has earmarked €278 million (US$325 million) for four LNG import terminals due onstream between 2018 and 2020.
Poland’s LNG import terminal that came onstream in 2016 had already received €332 million. Last week, US President Donald Trump and EU Commission President Jean-Claude Juncker vowed to increase trade in LNG.
EU financing programs will disburse €50.8 million to an LNG terminal expansion in Greece, €124 million for one on the island of Krk in Croatia and €101.2 million for a Cyprus project.