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Revealed by Jessica Casey,
Editor
LNG Business,
The European Fee has accepted, below EU State assist guidelines, a €106 million Greek measure to assist the completion of the development of the LNG terminal in Alexandroupolis. This measure will complement the Greek public assist that was accepted by the Fee in June 2021 (SA.55526).
The Greek authorities notified the Fee of its plans to grant further assist to Gastrade SA, the promoter and operator of the brand new terminal. The measure is aimed toward enabling the beneficiary to finish the development of the terminal as deliberate by end-2023. The help will take the type of a direct grant.
The Fee assessed the measure below EU State assist guidelines, specifically Article 107(3)(c) of the Treaty on the Functioning of the EU, which permits Member States to assist the event of sure financial actions below sure circumstances, and the 2022 Tips on State assist for local weather, environmental safety and power (CEEAG). The Fee discovered that the measure is critical and acceptable to allow to beneficiary to proceed with the venture as deliberate. When approving the preliminary public assist, the Fee had already thought-about that the venture is required to safe fuel provide for Greece and the South-Japanese Europe area and that it’ll contribute to the REPowerEU strategic goal to realize diversification of power provides and finish dependence on Russian fossil fuels. The Fee concluded that the constructive results of the measure outweigh any attainable unfavorable results on competitors and commerce within the EU. On this foundation, the Fee accepted the Greek measure below EU State assist guidelines.
The non-confidential model of the choice will probably be made out there below the quantity SA.105781 within the State assist register on the Fee’s competitors web site as soon as any confidentiality points have been resolved.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/03102023/european-commission-approves-106-million-to-support-completion-of-lng-terminal-in-alexandroupolis/
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