(MENAFN) The European Commission said that the European Union (EU) decided to allocate USD165.13 million to key trans-European energy infrastructure projects, Xinhua reported.
The overall goal of the projects selected for financial support is to enhance the security of supply and improve market integration through the diversification of sources and routes, the EC said.
The bulk of the money will go to projects in Central Eastern and South Eastern Europe as well as to projects in the Baltic region, while 20 projects were selected in total, the commission said.
In the gas sector, the allocated grants will cover, among others, studies for the Chiren underground storage expansion project in Bulgaria and works on the interconnection between Poland and the Czech.
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