Failed gas projects have cost EU €440 million, new research shows

Euractiv | Feb 22, 2021 at 9:09 AM
  • In less than a decade, the European Union has spent €440 million on gas pipelines that have either never been completed or are likely to fail.
  • In total, nearly €5 billion in EU taxpayer money was spent since 2013 on 41 gas projects such as pipelines or import terminals known as “Projects of Common Interest” (PCIs).
  • The updated TEN-E regulation for the first time excludes oil and gas pipelines from receiving EU funding, but it does leave the door open to finance hydrogen networks.