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Deal signed for co-financing of Baltic Pipe Project

April 15th, 2019

Gaz-System S.A., a Polish gas transmission operator, on Monday signed a contract for co-financing of the Baltic Pipe gas pipeline, thanks to which natural gas from Norway will be transported to Poland. Prime Minister Mateusz Morawiecki, in Brussels for the occasion, was joined in the signing ceremony at the European Commission's headquarters by the government's Commissioner for Strategic Energy Infrastructure Piotr Naimski, CEO of Gaz-System Tomasz Stepien, Vice-President of the European Commission for Energy Union Maros Sefcovic and Commissioner for Climate Action and Energy Miguel Arias Canete. 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. According to Gaz-System, the transmission capacity of the new pipeline is to be 10 billion cubic meters annually.


PAP

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