Common Gas Market for Central, Eastern Europe Proposed

The prime ministers of Poland and the Czech Republic have proposed  a common gas market in Central Europe that would span from the Baltic sea to the Adriatic.

"Our countries are interested by the possibility of a new diversification of sources and means of energy transmission," Czech Prime Minister Petr Necas told reporters after meeting with his Polish counterpart in Warsaw.

"We want to create a roadmap as soon as possible towards a common gas market of the Visegrad group" consisting of Poland, the Czech Republic, Slovakia and Hungary," Polish premier Donald Tusk added, according to AFP.

The project could also involve Austria and Croatia, "which would give it a Baltic-Adriatic dimension", according to Tusk.

Earlier this year Poland said it would invest €1.1 billion in a gas pipeline network linking the LNG terminal to the Czech Republic, Slovakia and Ukraine.

The terminal is to come online in June of 2014 with an annual capacity of 7.5 billion cubic metres of gas.