EU bank approves largest ever energy loan, for TAP pipeline

The European Investment Bank Tuesday (6 February) approved its largest ever single loan to an energy project: the Trans-Adriatic Pipeline (TAP), euractiv.com informs. The €1.5 billion credit will be used to transport gas from the Caspian Sea to the Mediterranean. The EIB board agreed on financing of energy and transport projects worth €6.5 billion but its long-awaited decision on the TAP pipeline was the marquee announcement of the package. A decision was actually ...

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