USD 70.9674

-0.2

EUR 82.6841

+0.22

BRENT 84.16

-0.98

AI-92 46.69

-0.01

AI-95 50.89

+0.01

AI-98 58.64

+0.01

Diesel 50.73

+0.02

383

Baltic Pipe

Baltic Pipe project is a 900 km natural gas pipeline project intended to supply gas from the Norwegian gas system in the North Sea to Poland, via Denmark.

Baltic Pipe

The $1.88 billion pipeline project is being jointly developed by Danish gas transmission operator Energinet and its Polish counterpart GAZ-System.

The Baltic Pipe Project consists of 5 major components:
  •     The North Sea offshore pipeline,
  •     Onshore Denmark,
  •     Compressor station in Denmark,
  •     The Baltic Sea offshore pipeline,
  •     Onshore Poland.
The European Union (EU) recognized Baltic Pipe as a Project of Common Interest (PCI) in October 2013. GAZ-System and Energinet completed the project’s feasibility study in 2016. Final investment decision on the project was made in November 2018.

The project, involving bi-directional pipeline segments, will not only facilitate natural gas supply from Norway to Poland and other countries in the Baltic region, but also enable reverse transmission from Poland to Denmark and Sweden.

With an estimated operational life of 50 years, the Baltic Pipe project is expected to annually supply up to 10 billion cubic meters (bcm) of natural gas to Poland and 3 bcm of natural gas to Sweden and Denmark.

Construction on the project is expected to begin in 2020 and operations are expected to begin by 2022.

Poland is ready to offer Germany access to the 10 Bcm a year Baltic Pipe that will deliver gas from Norway if Berlin halts construction of the controversial Nord Stream 2 gas pipeline, a Polish government spokesman said September 10, 2020.