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Caspian Energy Journal Caspian European Club
Tuesday, 16 April 2019 11:00

Baltic Pipe project gets the green light

Baltic Pipe project gets the green light

The signature ceremony of the agreement for the €214.9 million Connecting Europe Facility grant for works for the Baltic Pipe project connecting Poland and Denmark with Norway took place on April 15 at the European Commission headquarters in the Berlaymont building, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the European Commission.

Vice-President in charge of the Energy Union, Maroš Šefčovič, and Commissioner for Climate Action and Energy, Miguel Arias Cañete, witnessed the signature together with the Polish Prime Minister Mateusz Morawiecki and Polish Minister Piotr Naimski, plenipotentiary of the Polish Government for Strategic Energy Infrastructure. The Baltic Pipe Project is a gas infrastructure project aiming at creating a new gas supply corridor in the European market. The new pipeline will allow, as of 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 neighbouring countries. At the same time, it will enable the supply of gas from Poland, including from Liquefied Natural Gas imports, to the Danish and Swedish markets. This new pipeline is a European Project of Common Interest (PCI) and parts of this project – analysis of economic feasibility and technical feasibility study and other preparatory studies – are already co-financed by CEF Energy.

More details: http://europa.eu/rapid/press-release_MEX-19-2152_en.htm

Person in charge of the newsline: Olga Nagiyeva 

 

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