Creation date: April 15, 2019
INEA's Director Dirk Beckers and Tomasz Stępień, CEO of GAZ-SYSTEM signed today a grant agreement releasing €215 million of EU funding from the Connecting Europe Facility (CEF) to carry out the construction works for the Baltic Pipe Project.
The signature ceremony took place in Brussels, in the presence of Maros Šefcovic, Vice-President of the European Commission, Miguel Arias Cañete, Commissioner for Climate Action and Energy, Mateusz Morawiecki, Prime Minister of Poland and Piotr Naimski, Plenipotentiary of the Government of the Republic of Poland for Strategic Energy Infrastructure.
The Baltic Pipe Project is a strategic gas infrastructure project with the goal of creating a new gas supply corridor in the European market. The Baltic pipe - 900 km long offshore and onshore gas pipeline - will allow to transport gas from Norway to the Danish and Polish markets, as well as to end-users in neighbouring countries. At the same time, it will enable the supply of gas from Poland to the Danish market.
The construction of this new pipeline is an EU Project of Common Interest (PCI) and parts of this project - economic feasibility analysis, preparatory studies and pre-construction activities - are co-funded by CEF Energy. The successful completion of these actions prepared a solid basis to start the actual construction phase of the project, also co-funded by CEF energy. The pipeline is planned to become operational in October 2022.
The CEF programme in the field of energy provides funding to infrastructure projects in electricity, natural gas and smart grids with the aim to better interconnect energy networks towards a single energy market in Europe. The programme supports the key objectives of the Energy Union by promoting further integration of the internal energy market, enhancing security of energy supply and integrating energy from renewable sources into the network. €750 million will be made available in 2019 to finance PCIs in the sectors of electricity, smart grids, cross-border carbon dioxide networks and gas infrastructure.