Brunsbüttel: Brussels approves state aid for LNG terminal
The state development bank KfW (Kreditanstalt für Wiederaufbau) is authorised to provide financial support to the German energy company RWE and the Dutch energy network operator Gasunie. Energy security The landing point for liquefied natural gas will improve the supply and gas infrastructure in Germany and thus also contribute to the EU's energy security. The measure that has now been approved contains sufficient precautions to limit any distortions of competition. This was announced by Margrethe Vestager, the EU Commissioner responsible for competition, on Thursday in Brussels. Profitability The operating company is a joint project of KfW, Gasunie and RWE. Specifically, KfW is to grant the two companies a share of the dividends paid by the operator of the LNG terminal if the annual return on the...
Weiterlesen

Latest comments