Middle East Economic Survey

VOL. LI

No 51-52

22/29-Dec-2008

CASPIAN

EU Plans Greater Role In Gas And Power Project Finance

A major revision of European Commission (EC) plans to finance gas and electric power interconnectivity projects was laid out in the EUs 200bn economic recovery plan, approved in principle by a European Council summit on 12 December. So far the EC has extended only nominal support for pre-feasibility or feasibility studies of major infrastructure projects including the 4.8bn...