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 1.850 - 2.205 billion 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 will aim to obtain a status of Common Interest (PCI) under the guidelines for Trans-European energy infrastructure - Ten Year Network Development Plan (TYNDP). It will guarantee the highest political support of the EU for the project and its implementation. Inclusion of the project to the PCI list would make it eligible for EU funding and thus would reduce the burden on funds from other sources of financing.

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