The European Commission added to its economic stimulus program with the largest-ever package of grants to energy infrastructure, including support for the Nabucco pipeline project that will help Europe diversify its sources of natural gas.

The package of 2.3 billion euros ($3.1 billion) for 43 projects will attract 22 billion euros ($30 billion) of private sector energy investment, largely for pipelines and electricity interconnectors.

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Posted by mopeng at March 7, 2010 2:40 PM