Daily Management Review

European Commission to allocate € 200 million to Norway-Poland gas pipeline


04/16/2019


The European Commission will allocate additional funding for the construction of the Baltic Pipeline, which will connect Poland, Denmark and Norway. An agreement on a grant for this project in the amount of almost 215 million euros was signed on Monday, April 15, in Brussels in the presence of Vice President of the European Commission for Energy Maroš Šefčovič and Polish Prime Minister Mateusz Morawiecki, the press service of the European Commission reports.



pixabay
pixabay
It is planned that the Baltic Pipe will allow to supply gas from the North Sea to Poland and subsequently to the Baltic countries starting from 2022. In addition, the pipeline will be able to transport gas from Poland (including liquefied natural gas supplied to this country, LNG) to Denmark and Sweden, the European Commission adds. Earlier, Brussels has already allocated funds for the economic and technical evaluation of the project.

In 2018, gas from Russia amounted to almost 67 percent of gas imported to Poland by the state-owned oil and gas company PGNiG. Baltic Pipe is part of Warsaw’s strategy of reducing its dependence on Russian gas.

The European Union seeks to diversify gas supplies to its market, in particular, through LNG, as well as through new pipelines, such as the EastMed Pipeline, which should connect fields in the eastern Mediterranean with Greece and Italy. Since the gas pipeline system in the EU is very unevenly developed, Brussels also contributes to the laying of new pipes in order to develop a single EU gas market.

On the same day, April 15, the Council of the EU finally amended the Gas Directive, which would extend the rules regulating gas pipelines inside the union to pipes leading from third countries to the EU. In particular, this will affect the "North Stream-2" and significantly complicate its introduction into operation.

source: dw.de






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