Natural Gas Daily Europe Pipelines, Storage & Power
Eastring moves forward, but money remains an issue18 July 2017
The planned Eastring gas pipeline received a boost in late May when it secured a €1 million ($1.16 million) EU grant for a feasibility study. However, competition from Hungary’s BRUA project and concerns about financing mean that Eastring is still a long way from being realised, industry sources have said.
The grant, obtained under the European Commission’s Connecting Europe Facility, is a drop in the ocean given that Eastring, which is being promoted by Slovakian transmission system operator (TSO) Eustream, will cost around €2 billion, according to early estimates.
Nolan Theisen, head of the energy programme at Bratislava-based thinktank GLOBSEC, told Interfax Natural Gas Daily that money might be an issue.
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