Letter from Brussels: Gas infrastructure falls out of favour
Coal-to-gas switching could be undermined by proposed regulation excluding gas infrastructure from energy priority scheme
The European Commission’s proposal to revise the Trans-European Energy (TEN-E) regulation aims to align EU support for energy projects with European Green Deal objectives. But it threatens to hamper the coal-to-gas switching that has made, and could still make, a significant contribution to lowering emissions across several member states. The proposed changes, unveiled in December, will constrain the scope of TEN-E regulation to designate new gas infrastructure as EU projects of common interest (PCIs). Becoming a PCI means greater potential for EU funding—primarily under the Connecting Europe Facility, which allocated €1.5bn ($1.82bn) to gas projects from 2014-20—and for fast-tracking of pe
Also in this section
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals