The road to energy diversification

The road to energy diversification

Editorial Staff
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The goal is to move away from energy dependence on Russia, to this end the EU has, in the past few days, set aside over €200 million to invest in the Baltic Sea and in electric infrastructure

The European Union is trying to move away energy dependence on Russia. To achieve this goal, €263 million will be poured into plants in the Baltic Sea. Among the various supported projects are also development projects for the continent’s electric network. This initiative follows the inauguration of the Polish LNG hub that will receive supply from the Middle East. But that is not all, within the Connecting Europe Facilities project, in fact, the EU has already earmarked €5.35 billion for trans-European infrastructure projects from now up until 2020, with the goal of differentiating energy sources as well as reducing emissions, for "projects in common interest". "Well-connected energy infrastructure is essential to achieving the Energy Union," explained Miguel Arias Cañete, EU Commissioner for Energy and Climate Action, "the EU support will help fill existing gaps in energy infrastructure, putting us on the path to a truly connected European energy market. This is necessary to strengthen the security of energy supply and a more efficient use of the energy resources and integration of renewables into the grid".