Economy / FinanceEuropePolitics

France, Spain Bury German Hopes Of Gas Pipeline

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France, Spain and Portugal on Thursday ditched a gas pipeline project fiercely lobbied for by Germany, announcing instead an underwater conduit that left experts skeptical.

Leaders of the three countries, meeting just before an EU summit in Brussels, issued a joint statement saying “they decided to abandon the MidCat project and instead create, as a matter of priority, a Green Energy Corridor connecting Portugal, Spain and France with the EU’s energy network“.

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