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
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
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
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks