The European Commission has approved a 215 million-euro support grant for the Baltic Gas Pipe project.
The project aims at creating of a new gas supply channel on the European market, which will for the first time allow the transmission of gas directly from the deposits in Norway to the Danish and Polish markets, as well as to recipients in neighbouring countries.
The natural gas pipeline is designed to deliver 10 billion cubic metres of Norwegian gas per year to Denmark and Poland from October 2022. The project is considered by the EU as “of common interest” and is deemed “essential to the integration of the European energy networks.”
“The Baltic Pipe Project has been granted a subsidy for construction works under the Connecting Europe Facility (CEF) by the European Commission. The maximum allocated support amounts to nearly 215 million euro. This decision emphasises the significance of the project for building the European gas market and strengthening the security of supply in the region,” said Gaz-System, Poland’s natural gas transmission and operator, in a statement.
The grant will be used for construction works on both the offshore gas pipeline connecting the transmission systems of Poland and Denmark, as well as for the expansion and modernisation of the Polish natural gas transmission system.
“We have reached another important stage of the investment. The amount of the grant is in line with our application. As such, the European Commission recognises all of our arguments indicating the importance of the Baltic Pipe Project for the entire European Union and the region,” said Tomasz Stępień, president of Gaz-System.
