20/05/2022 (Agence Europe) – To complete our two previous articles on the ‘REPowerEU’ plan to move the European Union away from dependence on Russian fossil fuels (see EUROPE 12955/4, 12956/2), here are the amounts (in euros) put forward by the European Commission concerning the investment needs, by 2030, of the different initiatives foreseen in this plan: - €29 billion in the electricity network; - €37 billion to increase biomethane production; - €10 billion to import sufficient liquefied natural gas and pipeline gas; - €1.5 to €2 billion to secure oil supply; - €86 billion for renewable energy and €27 billion for hydrogen; - €41 billion for industrial adaptation to fossil fuel reduction; - €56 billion for energy efficiency and heat pumps. In total, the Commission estimates that REPowerEU’s investment needs are close to €300 billion. (DG)