The European Commission has approved EU funding worth €130 million to expand a Liquefied Natural Gas (LNG) Terminal in northwest Poland, triggering the ire of green activists who oppose continuing EU support for fossil fuel projects.
The EU funding will help increase the capacity of the Świnoujście terminal to convert LNG into gaseous form, store it, and ensure that it is easily transported, the Commission said in a statement.
The financing was granted notably due to the important regional dimension of the project, the Commission explained, saying LNG from the Świnoujście terminal will be transported through the newly constructed interconnectors to other countries including the Baltic States, Slovakia, Czechia and Ukraine.
The European Commission has approved EU funding worth €130 million to expand a Liquefied Natural Gas (LNG) Terminal in northwest Poland, triggering the ire of green activists who oppose continuing EU support for fossil fuel projects.
The EU funding will help increase the capacity of the Świnoujście terminal to convert LNG into gaseous form, store it, and ensure that it is easily transported, the Commission said in a statement.
The financing was granted notably due to the important regional dimension of the project, the Commission explained, saying LNG from the Świnoujście terminal will be transported through the newly constructed interconnectors to other countries including the Baltic States, Slovakia, Czechia and Ukraine.
By 2022, the US is poised to become the world’s biggest exporter of LNG, according to McKinsey’s Global Gas & LNG outlook.
Moreover, drafts indicate that the Commission will give support to at least 55 new fossil gas infrastructure projects across Europe as part of its new list of priority energy projects known as ‘Projects of Common Interest’ (PCI).
“The climate emergency cannot be solved by supporting dozens more fossil gas projects,” Kieninger said. “This fourth list of priority EU energy projects completely contradicts the Commission’s stated aim of decarbonising our economy,” she added.
Source: EUActiv