EU risks wasting billions on gas infrastructure 'white elephants'
Thursday, September 25, 2014
The European Union risks wasting billions of euros on unnecessary gas infrastructure because of pressure to wean itself off Russian energy after the Ukraine crisis, new research has found. Gas pipelines paid for by the Connecting Europe Facility (CEF), a funding mechanism to drive cross-border infrastructure, will be left “stranded” because there will not be enough demand for the gas they transport, according to environmental think ...