The European Union (EU) will allocate nearly €215m from its budget for the construction of the Baltic Pipe gas pipeline, a two-way gas connection between Poland and Denmark. The funds come from the Connecting Europe Facility, which finances priority projects for the EU. The funding was granted to Gaz-System, which is responsible for the implementation of the Polish part of the investment.
This is the fourth EU support for the Baltic Pipe project, and the feasibility study and design works were financed earlier. Baltic Pipe is a strategic infrastructure project consisting in the implementation of a new gas supply corridor on the European market. It will enable the transmission of gas directly from deposits located in Norway to the markets in Denmark and Poland and to customers in neighbouring countries. The construction of the gas pipeline is expected to start in 2020, and its completion is planned for October 2022.
EU Member States have accepted the proposals of the European Commission to co-finance energy infrastructure projects with a total amount of €800m. €504m and €286m from the gas sector have been allocated for electricity related investments and smart grids. Studies on carbon dioxide transport infrastructure have been allocated €9.3m. The Baltic States also received support for the construction of a €323m energy transmission system synchronisation project.