Today, the EU Member States agreed on a Commission proposal to invest €48.4 million in several key European energy infrastructure projects. The EU funding comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure, and in particular from its energy window (CEF-Energy).
The Madrid Forum was set up to discuss issues regarding the creation of the internal gas market. Currently it is addressing the implementation of the network codes and the cross-border trade of gas, in particular the allocation and management of scarce interconnection capacity and other technical and commercial barriers to the creation of a fully operational internal gas market.
The EBRD Board of Directors has approved an up to €500 million loan today for the construction of the Trans Adriatic Pipeline (TAP), a priority project of the European Union (EU) and the Energy Community.