The European Commission officially signed a €214.9 million grant on Monday (15 April) for works on a new Baltic gas pipeline project aimed at connecting Poland and Denmark with Norway.
The grant agreement, coming from the EU’s Connecting Europe Facility, was signed during a ceremony in Brussels attended by Polish Prime Minister Mateusz Morawiecki.
The ceremony took place in the European Commission’s headquarters, under the watch of Maroš Šefčovič, Commission Vice-President in charge of the Energy Union, and Miguel Arias Cañete, the EU Commissioner for climate action and energy.
The Baltic Pipe Project, also known as “Norwegian corridor”, aims at creating a new gas supply route in the European market that will lessen the region’s dependence on Russian imports.
When it comes into operation in 2022, the new pipeline will be able to ship 10 billion cubic metres of Norwegian natural gas per year directly to the Polish market – and further to the Baltic States.
Currently, Poland consumes 14 bcm/y of gas.
From there, some of the Norwegian gas could be sent to other countries in Central Europe, such as the Czech Republic, Slovakia, Hungary, the Baltic states and Ukraine.
At the same time, the Commission said the new pipe will enable the supply of gas from Poland, including from Liquefied Natural Gas imports, to the Danish and Swedish markets.
The pipeline project dates back to 2009 and received a political boost in 2013 when the Commission listed it as a “Project of common interest” eligible for EU funding. In 2015, the Connecting Europe Facility gave a grant for a feasibility study.
The Baltic Pipe is one of the components of the so-called “Northern Gate”.
[Edited by Zoran Radosavljevic]