Abstract: "The E.U. Financial Assistance to Oil and Gas Technology: What Future?"
After the first oil shock, the European Community decided to improve energy efficiency, to develop indigenous resources and to decrease the dependence on energy imports.
So far, these objectives have been attained through various legal instruments and financial schemes among which project financing got high priority.
The THERMIE programme and its predecessors, allocated about $1 billion to the implementation of 900 oil and gas technology projects during the last 20 years, so contributing to the improvement of the long term security of supply and to the reduction of the dependence on imported oil.
A new European non-nuclear energy programme has been launched for the next four years with a budget of $1.3 billion. The share devoted to Research, Development and Demonstration projects in the hydrocarbon sector is about 10%.
AAPG Search and Discovery Article #90956©1995 AAPG International Convention and Exposition Meeting, Nice, France