Alexandroupolis INGS selected to receive European Commission grants

The European Commission approved the proposal submitted by GASTRADE S.A. for the Front End Engineering and Design (FEED) study of the project “Alexandroupolis Independent Natural Gas System” under the Connecting Europe Facility (CEF).

On 29 October 2014, the CEF Coordination Committee of Member States representatives gave a positive opinion on the draft list of the eligible proposals to receive Union financial assistance that was drawn by the European Commission. This list will be formally adopted by the Commission within the coming weeks.

GASTRADE S.A. will receive grants up to 50% for the execution of the FEED study for the Alexandroupolis INGS Project.

Projects receiving funds from the E.U. under CEF are recognised for their contribution in increasing Europe’s energy security, their help in ending the isolation of Member States from EU-wide energy networks and their contribution to the completion of an integrated European energy market.

The formal announcement can be found at the European Commission’s webpage for Energy, here.