• Tuesday, May 28, 2024
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BusinessDay

14 LNG projects to get EU’s TEN-T funding

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As part of the funding made available by the EU’s TEN-T Programme, a total of 14 LNG projects have been recommended to be supported financially by the European Commission.

Subsidies have been allocated to 11 short-term (Annual Call) and 3 long-term (Multi-Annual) initiatives related to liquefied natural gas.

Overall the European Commission selected 106 projects in total to benefit from over €320 million in EU support for improving Europe’s transport infrastructure and reducing the transport sector’s carbon footprint.

The 11 LNG short-term projects have been recommended for funding under Priority 2, which aims at “decarbonisation/oil substitution or environmental cost reduction”. Moreover, additional 3 long-term LNG projects were recommended under the Multi-Annual Call as part of the Motorways of the Sea Programme. The total aid allocated to the 14 LNG ventures amounts to almost €40 million. Remarkably, the number of recommended projects related to LNG has increased significantly compared to last year’s Call, when 6 LNG projects were selected.

Among the initiatives receiving support are 3 proposals handed in by NGVA Europe members, including two road-related projects. Dutch Rolande LNG will receive subsidies in the amount of some EUR 4,000,000 for a study including pilot deployment to determine the viability of LNG as an alternative fuel for medium and long distance road transport, which includes the build-up of 5 new LNG filling stations.

Belgium-based Fluxys was granted funding in the amount of EUR 520,000 for a project with the aim of greening road transport by means of deploying LNG refuelling infrastructure network. Fluxys has completed a brand new LNG filling station in Veurne, which is an important step in the launch of LNG as a sustainable alternative fuel for trucks.