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The European Commission has recently estimated the investment needs in energy (electricity and gas) infrastructure of European importance to be about €200 billion up to 2020 . The Commission has also stressed that, under a business as usual scenario, almost half of these investments are at risk of not being delivered in time or at all, leaving a gap of about €100 billion.
The main identified obstacles are problems related to permit granting, regulatory issues and financing; and those cannot be fully overcome by the existing measures.
In this context, the European Commission has proposed an Energy Infrastructure package, which we introduce in this presentation.