Financial Sources


CAPEX

Advantage of the Eastring pipeline project lies in its ability to bring added value comparable to competitive projects like Nabucco and/or South Stream for significantly lower costs. Capital expenditures of the project are initially estimated at some EUR 1,140 - 1,520 million in its first stage. According to available data this figure represents around one-twenty of estimated South Stream total cost. This is given by the fact of significant level of usage of existing transmission infrastructure in case of Eastring.

EU Funding

The project obtained a status of Common Interest (PCI) under the guidelines for Trans-European energy infrastructure - Ten Year Network Development Plan (TYNDP). It guarantees the highest political support of the EU for the project and its implementation.

European CEF coordination committee agreed to fund the feasibility study for the Eastring pipeline under the Connecting Europe Facility (CEF). Under the agreed proposal one million euros (50 percent of eligible costs) is dedicated for the feasibility study of the Eastring pipeline.

For more information about CEF committee decision please see following link: http://europa.eu/rapid/press-release_IP-17-280_en.htm.

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