Gaz – System: Nearly EUR 215 mln of the European Union financial assistance for the Baltic Pipe construction works
The Baltic Pipe Project has been granted the subsidy for construction works under the Connecting Europe Facility (CEF) Program by the European Commission. The maximum allocated support amounts to nearly EUR 215 million. This decision emphasizes the significance of the project for the creation of the European gas market and strengthening the security of supplies in the region.
The European Commission’s decision to grant GAZ-SYSTEM with financial assistance for the Baltic Pipe Project for the action titled “Construction works for the PCI infrastructure cluster 8.3″ was approved by the EU Member States on 23 January 2019. The subsidy was granted as part of the CEF Energy second grant competition conducted in 2018.
The subsidy will be allocated for the execution of construction works for the following elements of the project:
- the offshore pipeline connecting Poland and Denmark,
- the onshore gas pipeline connecting the offshore pipeline with the national transmission system (and the receiving terminal),
- the onshore Goleniów – Lwówek pipeline,
- the compressor station in Goleniów,
- the compressor station in Odolanów.
The Baltic Pipe Project has already received financial support under the CEF three times – in 2015, 2017 and 2018. Overall, the maximum amount of the already received financial assistance is EUR 51.4 million and covers the actions such as development of the feasibility study, implementation of the design works and obtaining all necessary administrative permits both for the offshore part of the gas pipeline and the expansion of the necessary transmission infrastructure in Poland and Denmark.
„Connecting Europe“ is a key EU instrument for fostering economic growth, employment and competitiveness, aimed, among others, at increasing Europe’s energy security.
– We have reached another important stage of the investment. The amount of the grant is in line with our application. Thus, the European Commission recognises all our arguments indicating the importance of the Baltic Pipe Project for the entire European Union and the region – said Tomasz Stępień, President of GAZ-SYSTEM.