MEPs in the European Parliament's energy and transport committees on Thursday voted in favour of allocating €7.68 billion ($8.76 billion) from the Connecting Europe Facility (CEF) fund to energy network projects.
The proposed sum represents €8.65 billion in current prices.
Energy infrastructure projects were allocated €5.35 billion under the CEF for the 2014-2020 period.
Projects such as Croatia's planned Krk LNG terminal and the Bulgaria-Romania-Hungary-Austria pipeline have received funding under the CEF.
Funding is restricted to developments selected as Projects of Common Interest (PCI). The next PCI list is...