The EU has allotted 126 million dollars to introduce natural gas in Cyprus. Another 4.6 million will be awarded for a study on the Malta-Italy Gas Interconnection.
Brussels/Belgium – The European Commission has recently stated that in the gas sector, the Connecting Europe Facility will support infrastructure projects important for two island Member States. First, the introduction of natural gas in Cyprus through the CyprusGas2EU project (EU support 126 million dollars) will end the current energy isolation of the Cyprus. It will also bring diversification to a region mostly dominated by one single source of supply and help reduce air pollution and emissions by allowing switching from heavy fuel oil to gas for power generation. It will also improve energy security and price competitiveness.
Secondly, a 4.6 million dollar grant will be awarded for a study on the Malta-Italy Gas Interconnection which aims to end Malta’s isolation from the European Gas network. This interconnector will link Malta to the Italian market, enhancing the island’s security of supply in gas.