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POLAND: Baltic Pipe receives EU funding
The European Commission allocated a EUR 215 million subsidy for the Baltic Pipe gas link, out of 800 million allocated throughout the bloc. The project, establishing a gas link to Denmark, would allow Poland to import Norwegian gas. The financial support was awarded to the Polish operator GAZ-SYSTEM through the EU’s Connecting Europe Facility (CEF) scheme. Previously, the project received CEF support three times, jointly amounting to approximately EUR 52 million. EU funding will provide additional security to the project which is estimated to cost between 1.6 and 2.1 billion euro. According to the schedule, both Polish and Danish companies are waiting for construction permits to begin works in 2020. The schedule is very tight for the project; the gas link is supposed to be operational in October 2022, when a major contract between the Russian monopolist Gazprom and Warsaw expires. For the PiS government, the Pipe is the second such strategic gas project follow the finalisation of the LNG terminal in Świnoujście.