The European Commission announced that it will provide 215 million to finance part of the construction costs of the Baltic Pipe project designed to carry Norwegian gas to Danish and Polish markets. The signing ceremony took place on Monday, 15 April.
Mainly, the grant agreement was signed in the presence of Maros Šefcovic, Vice-President of the European Commission, Miguel Arias Cañete, Commissioner for Climate Action and Energy, Mateusz Morawiecki, Prime Minister of Poland and Piotr Naimski, Plenipotentiary of the Government of the Republic of Poland for Strategic Energy Infrastructure.
European Commission informed that the Baltic Pipe project is a gas infrastructure project that its goal is to create a new gas supply corridor in the European market.
The project hopes that Poland’s dependency on Russian gas imports will decrease, in light of the Baltic Pipe Project, keeping in mind that Poland has a gas supply deal with Russia’s Gazprom until 2022.
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Furthermore, the new pipeline will allow, from 2022, the shipment of gas from the North Sea to the Polish market and further to the Baltic States, as well as to end-users in neighboring countries.
Also, the pipeline will enable the supply gas from Poland, including LNG imports to the Danish and Swedish markets.
In the meantime, Poland’s Gaz-System, which is a cooperator with the Danish Energinet, said on Monday that the EU subsidy would be allocated for the implementation of construction works both for the offshore pipeline connecting the transmission systems of Poland and Denmark, as well as for the expansion and improvement of the Polish natural gas transmission system.
Energinet and GAZ-SYSTEM will build an overall of 900 km long offshore and onshore gas pipeline. The Baltic Pipe will be crossing three national territories – Denmark, Sweden and Poland, and gas transmission are expected to start in October 2022.
Prior to the investment decision, Energinet signed an agreement with GASSCO (its Norwegian counterpart) regarding the construction of the tie-in to the Norwegian gas pipeline Europipe II and a pipeline to the Danish west coast which will enable gas flow from Norway to Denmark and Poland.
