EU Clears $809M In State Aid For Polish, Greek Gas Projects

Law360, New York (October 16, 2013, 4:16 PM EDT) -- The European Commission on Wednesday approved a total of roughly €600 million ($809 million) in project financing for natural gas pipeline developments in Poland and Greece, both of which are designed in part to reduce carbon dioxide emissions.

The commission, the antitrust arm of the European Union, gave the green light to a €465 million aid package for Polish state-owned gas transmission operator Gaz-System SA a  to support construction of a series of gas pipelines. Gaz-System is planning to build a new pipeline network connecting Poland's...
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