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id="post-45112" class="post-45112 post type-post status-publish format-standard has-post-thumbnail hentry category-energy tag-ccs tag-energean tag-energy-ministry tag-european-commission tag-prinos tag-repower-eu"> <header class="entry-header"> <h1 class="entry-title">Encouraging signs on Brussels’ Prinos CCS state aid approval</h1>   </header> <div class="entry-content"> <p>A Greek government request concerning European Commission approval of state aid for Energean’s Prinos carbon capture and storage project in the north Aegean, in line with Brussels’ guidelines, appears to be moving closer towards approval.</p> <p>The energy ministry recently received encouraging signs from the European Commission, while contacts and communications between the two sides have intensified, indicating a favorable outcome.</p> <p>The assessment is that approval for the state aid request, submitted by the government in the summer, will not be delayed.</p> <p>The picture is expected to clear up next week, according to sources at the ministry, who are optimistic about this case, which has been plagued by EU bureaucracy. State aid approval is vital for any next step in the project, budgeted at 400 million euros.</p> <p>Brussels’ approval of state aid would facilitate necessary funding and support for the project, ensuring its financial viability and adherence to EU regulations.</p> <p>The Greek government has applied for state aid of 50 million euros for the Prinos CCS project through the European Commission’s REPowerEU fund.</p> <p>If all goes well, Energean is expected to announce a binding market test towards the end of the year or early in 2025. The level of interest expressed in the project by Greek and foreign industries will determine the project’s viability, and ultimately, the investment decision.</p> </div> <footer class="entry-footer"> </footer> </article> <div class="fb-tw-share"> <div class="share-single"> <div class="fb-share-button" data-type="button"></div> </div> <div class="tw-single"> <a href="https://twitter.com/share" class="twitter-share-button" data-via="energypresseu" data-related="energypress_gr" data-count="none">Tweet</a> <script>!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+'://platform.twitter.com/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');</script> </div> </div> <div class="fb-single"> <div class="like-single"> <div class="fb-like" data-layout="button" data-action="like" data-show-faces="false" data-share="false"></div> </div> <div class="send-single"> <div class="fb-send" data-colorscheme="light"></div> </div> </div> </main> </div> <div id="secondary-singleads" class="sidebar-singleads" role="complementary">  <div class="a-single a-6"><script async='async' src='https://www.googletagservices.com/tag/js/gpt.js'></script> <script> var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; </script> <script> googletag.cmd.push(function() { googletag.defineSlot('/11442637/EU_Renewables_300_250_right_1', [300, 250], 'div-gpt-ad-1518775488750-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.enableServices(); }); </script>  <div id='div-gpt-ad-1518775488750-0' style='height:250px; width:300px;'> <script> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1518775488750-0'); }); </script> </div></div> <div class="ads-clear"> </div>  <div class="a-single a-7"><script async='async' src='https://www.googletagservices.com/tag/js/gpt.js'></script> <script> var googletag = googletag || {}; googletag.cmd = googletag.cmd || []; </script> <script> googletag.cmd.push(function() { googletag.defineSlot('/11442637/EU_Renewables_300_250_right_2', [300, 250], 'div-gpt-ad-1518775519889-0').addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.enableServices(); }); </script>  <div id='div-gpt-ad-1518775519889-0' style='height:250px; width:300px;'> <script> googletag.cmd.push(function() { googletag.display('div-gpt-ad-1518775519889-0'); }); </script> </div></div> </div> </div> <footer id="colophon" class="site-footer" role="contentinfo"> <div class="back-to-top"> </div> <div class="footer-info"> <div class="footer-logo"> <a href="https://energypress.eu/" rel="home"><img width="275" height="53" src="https://energypress.eu/wp-content/uploads/2014/06/logo-white.png" class="attachment-full size-full" alt="" decoding="async" loading="lazy" /></a> </div> <div class="footer-right"> <div class="footer-links"> <a href="https://energypress.eu/editing-team/">The editing team</a> | <a href="https://energypress.eu/contact/">Contact us</a> </div> <div class="footer-search"> <form class="search-form" action="https://energypress.eu/" method="get" role="search"> <input class="search-field" type="search" title="Search for:" name="s" value="" placeholder="Search …"> <input class="search-submit" type="submit" value="Search"> </form> </div> </div> </div> <div class="site-info"> <div class="copyright">© 2014 ENERGYPRESS. 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