Deal signed for co-financing of Baltic Pipe Project

European Commission Vice-President for Energy Union Maros Sefcovic (L), Poland Prime Minister Mateusz Morawiecki (C) European Commissioner for climate action and energy Miguel Arias Canete (R) during a signing ceremony for an agreement on financing the Baltic Pipe Polish-Danish gas pipeline project. /PAP/EPA

On Monday, in Brussels, Gaz-System S.A., a Polish gas transmission operator, 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 the Belgian capital 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 Stępień, 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.

The co-financing will be allocated to construction works for both the offshore gas pipeline, connecting the transmission systems of Poland and Denmark, as well as for the extension and modernisation of the Polish natural gas transmission system.

In January, the European Commission announced that almost EUR 215 million would be invested in the construction of the the pipeline. A list of energy projects that will receive EU funding has already been approved by member countries - on the list is the Danish-Polish project.