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The EC signed a €215 million grant for Baltic Pipe construction

The EC signed a €215 million grant for Baltic Pipe construction

Brussels, April 15 - Neftegaz.RU.
The event was attended by Maroš Šefčovič, the Vice-President of the European Commission, Miguel Arias Cañete, the EU Commissioner for Climate Action and Energy, Dominique Ristori, the Director General for Energy, Mateusz Morawiecki, Prime Minister of Poland and Tomasz Stępień, the President of GAZ-SYSTEM.

The subsidy will 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.

In the opinion of Tomasz Stępień, President of GAZ-SYSTEM, obtaining the further support confirms, that the Baltic Pipe is of importance not only for Poland, but for the entire European Union.

"From the point of view of our country the gas connection between Poland and Denmark has the strategic dimension and it is needed to diversify the supplies. The investment is also beneficial for the EU, which seeks to increase trade and competitiveness of the European gas market", stressed Tomasz Stępień.

The Baltic Pipe is a strategic infrastructure project aimed at creating a new gas supply corridor on the European market. It will enable the transport of gas from fields in Norway to the Danish and Polish markets, as well as to customers in neighbouring countries.

Poland, which according to reports has a gas supply deal with Russia’s Gazprom until 2022, hopes the Baltic Pipe Project would reduce Poland’s “and eventually Eastern and Central Europe’s” dependency on Russian gas imports.

To read the news in Russian.

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