This briefing shows that further public investment in EU gas infrastructure is likely to represent bad value for money, given:

  • the very limited need for new gas investment for security of supply;
  • the change of the market where gas demand is falling;
  • the failure to test new gas infrastructure against EU climate and energy targets;
  • the opportunity cost of not investing scarce EU public funds in other more productive areas, notably energy efficiency, renewable energies and electricity grids.

As a result, funding for new gas infrastructure under the EFSI 2.0 should be phased out. This would send a powerful signal that the EU will properly implement the Paris Agreement and create a much needed international precedent.

Briefing EU gas infrastructure and EFSI time for change (January 2017)