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Cohesion Policy invests to improve energy security in Poland

Cohesion Policy invests to improve energy security in Poland

Brussels, April 29 - Neftegaz.RU
. The European Commission welcomes the signature of a grant agreement between the Polish government and the Polskie LNG company for the extension of the LNG terminal in Świnoujście, in north-western Poland on the Baltic Sea coast.

Almost €128 million from the European Regional Development Fund is invested in extending this terminal, which is the only facility of its size in Northern, Central and Eastern Europe.

Commissioner for Regional Policy Corina Creţu said: "The extension of the Świnoujście terminal will help diversify natural gas supply sources and improve the country’s energy security. This is a new example of the Energy Union in motion, supported by Cohesion Policy."

The current investment comes on top of more than €250 million of Cohesion Policy funds already invested in the terminal and more than €2 billion invested in Polish energy infrastructure since 2007. The terminal expansion project is on the European list of Projects of Common Interest (PCI).

Together with the ‘Baltic Pipe’ project, for which a €215 million EU grant was signed last week, the new LNG terminal in Świnoujście will open Poland’s gas market to new suppliers enhancing the diversity and security of energy sources in Poland.

The Baltic pipe will allow, as of 2022, the shipment of gas from the North Sea to the Polish market and further to the Baltic States and neighbouring countries. At the same time, the pipeline will enable the supply of gas from Poland, via the LNG terminal, to the Danish and Swedish markets.

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