Baltic Pipe Gets Preliminary Funds

Polish gas grid operator Gaz-System said May 25 that it signed a tripartite co-financing agreement the day before in Copenhagen with its Danish counterpart Energinet and the EU Innovation and Networks Executive Agency (INEA) for Baltic Pipe engineering works.

The maximum EU financial support granted under this co-financing agreement to the Baltic Pipe project amounts to €33.1mn ($39mn). That preliminary funding will go toward preparatory works on the project up to obtaining  necessary permissions in both Poland and in Denmark.

Gaz System and Energinet are jointly developing the Baltic Pipe Project, which is expected to allow transport of gas from Norway to flow to the Danish and Polish markets by late 2022.

Baltic Pipe will be 600-800 km long, cost kroner 12bn-16bn ($1.8bn-2.4bn) and have capacity for up to 10bn m³/yr, said Energinet earlier this year. Further EU funding is expected when implemented.

Route of proposed Baltic Pipe (Map credit: Energinet)