Baltic Pipe. Source: Gaz System
GAZ-SYSTEM signed an agreement for co-financing the Baltic Pipe construction works as part of the EU's Connecting Europe Facility (CEF) with the Innovation and Network Executive Agency. The signing ceremony in which a subsidy of nearly €215-million was agreed upon, took place in Brussels on 15 April 2019.
The event was attended by Mateusz Morawiecki, the Prime Minister of Poland, Piotr Naimski, the Polish government Plenipotentiary for Critical Energy Infrastructure, Maroš Šefčovič, the Vice-President of the European Commission, Miguel Arias Cañete, the EU Commissioner for Climate Action and Energy, Dominique Ristori, the Director General for Energy and Tomasz Stępień, the President of GAZ-SYSTEM.
The subsidy will be allocated for the implementation of construction works both for the offshore pipeline connecting the transmission systems of Poland and Denmark, as well as for the expansion and improvement of the Polish natural gas transmission system.
In the opinion of Tomasz Stępień, President of GAZ-SYSTEM, obtaining this support confirms that the Baltic Pipe is of importance not only for Poland, but for the entire European Union.
"From the point of view of our country the gas connection between Poland and Denmark has the strategic dimension and it is needed to diversify the supplies. The investment is also beneficial for the EU, which seeks to increase trade and competitiveness of the European gas market," stressed Tomasz Stępień.
Signing the agreement on co-financing constitutes the implementation of the EU's decision to grant financial support for the Baltic Pipe project under the CEF Programme, taken on 23 January 2019. Thus far, the EU has granted €266.77-million in support for the Baltic Pipe project through the CEF.
The CEF is a key EU funding instrument to promote growth in three sectors - transport, energy and digital services. To qualify for the grant, the project should have the PCI (Project of Common Interest) status. It is a status granted to projects with the purpose of strengthening the European internal energy market by reaching the EU’s energy policy objectives of affordable, secure and sustainable energy.
The Baltic Pipe is a strategic project aimed at the creation of a new gas corridor of gas supply in Europe. From October 2022, it will enable the import of 10 billion m3 of natural gas per year from the Norwegian Continental Shelf.
Baltic Pipe map
Image: Baltic Pipe project
Back to Homepage
Back to Construction & Engineering
Back to Chemicals & Biochemicals