Baltic pipe: progress in the investment process

Baltic pipe: progress in the investment process

Gaz-System, the main investor of the Baltic Pipe project, has accepted the proposal of the offshore pipeline route under the Baltic Sea, recommended by consultant company Ramboll. The total length of the selected route is 275 km and it crosses the territorial sea of Denmark and Poland as well as the Swedish Exclusive Economic Zone (approx. 80 km). The variant also designated two recommended landfall locations - Faxe South in Denmark and Niechorze-Pogorzelica in Poland. The decision on the final rout will be taken after all necessary administrative decisions and permits will be obtained.

Earlier this month, the Baltic pipe was granted EUR 18.300.000 for the Study on the reinforcement of national gas transmission systems in Poland and Denmark from the Connecting Europe Facility (CNF). The project has already received two other grants from CEF, confirming the strategic importance of the project for the development of the European gas market. Piotr Naimski, Government Plenipotentiary for Strategic Energy Infrastructurestated: “Owing to the Baltic Pipe pipeline, the long-established direction of natural gas transmission will change from the current east-west axis into north-south, thus reducing our dependence on Russia and reinforcing Poland's national energy security”.

The capacity of the pipeline would allow importing 10 bcm of gas per year, which provides a real diversification of gas supply for Poland and Central Europe region. The final investment decision is expected to be taken in November 2018. Considering the timeline of the investment, it can be assumed that project will be operational the latest on the first October 2022.

Sources:
http://en.gaz-system.pl/press-centre/news/information-for-the-media/artykul/202768