Middle East Economic Survey
VOL. LII
No 13
30-Mar-2009
CASPIAN
EU Approves Budget For Gas Pipelines And Energy Projects
The European Union (EU) has approved a budget of 3.98bn for energy projects in financial year 2009-10, following four months of heated negotiations among the 27 member states. The fund, known as the European Economic Recovery Plan (EERP), will be divided into three main categories: gas and electricity interconnections; offshore wind park installations; and carbon capture and...
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