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Baltic Pipe project to receive €214.9 million grant

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Baku, Azerbaijan, April 16

By Leman Zeynalova – Trend:

Baltic Pipe project, which envisages gas transportation from the North Sea to the Polish market and further to the Baltic States, as well as to end-users in neighboring countries, will receive a grant worth 214.9 million euros, Trend reports citing the European Commission.

The signature ceremony of the agreement for the Connecting Europe Facility grant for works for the Baltic Pipe project connecting Poland and Denmark with Norway took place at the European Commission headquarters in the Berlaymont building.

The Baltic Pipe Project is a gas infrastructure project aiming at creating a new gas supply corridor in the European market.

The new pipeline will allow, as of 2022, the shipment of gas from the North Sea to the Polish market and further to the Baltic States, as well as to end-users in neighbouring countries.

At the same time, it will enable the supply of gas from Poland, including from Liquefied Natural Gas imports, to the Danish and Swedish markets.

This new pipeline is a European Project of Common Interest (PCI) and parts of this project – analysis of economic feasibility and technical feasibility study and other preparatory studies – are already co-financed by CEF Energy.

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