EU invests €79 million for gas and electricity projects in Central Europe

EU invests €79 million for gas and electricity projects in Central Europe

Nine out of 17 selected electricity and gas projects for EU funding are from Central and Eastern Europe, for a total value of €79 million out of €873 million. The EU funding for the chosen projects comes from the Connecting Europe Facility (CEF), the European support programme for trans-European infrastructure. In the electricity sector in Central Europe, a grant of €27 million will be allocated to support the construction of a new 400 kV internal power line between Cernavoda and Stalpu (RO), which will contribute to increase the interconnection capacity between Romania and Bulgaria and help integrate wind power from the Black Sea coast. The Commission will also invest in studies to support the synchronisation of the Baltics States. Today's decision is of key importance for Estonia, Latvia and Lithuania and Poland to agree on the way forward to find, by the end of May 2018 at the latest, a solution on the best way to synchronise the Baltic States' electricity grid with the continental Europe system, in line with the results of the ministerial meeting from December 2017 (see STATEMENT/17/5271). In the gas sector, €33 million will fund the preparatory works for the Baltic Pipe Project up to obtainment of all necessary permission(s) in Poland and in Denmark. Some other €16 million will go for the works on the LNG Evacuation Gas Pipeline Omisalj-Zlobin-Bosiljevo-Sisak-Kozarac-Slobodnica in Croatia. Of the 17 projects selected for funding: 8 are in the electricity sector (EU support €680 million) and nine in the gas sector (EU support €193 million). four relate to construction works (EU support €723 million) and 13 to studies (EU support €150 million). The latest PCI list was published by the Commission in [...]
The Baltic Pipe: companies can bid for capacity

The Baltic Pipe: companies can bid for capacity

Polish and Danish gas transmission system operators (TSOs) have launched the Open Season 2017 Procedure on the 6th of June, inviting all potential shippers to bid for capacity in the probable new gas pipeline from Norway to Denmark and Poland, the Baltic Pipe. The purpose is to collect long-term investment signals before final investment decision is taken by TSOs, GAZ-SYSTEM and Energinet. Open Season 2017 procedure is a two-step process: Phase 1: publishing Open Season 2017 Rules and other documents about the process, and allowing shippers to book for capacity until the 25th of July 2017. Phase 2 is expected to be launched on the 5th of September 2017 and will invite shippers to submit their final bids for capacity allocation by 24th of October 2017. The shippers that have submitted a bid in Phase 1 must also submit the same bid (or higher) in Phase 2 for the bid to be valid. If shippers book a sufficient amount of capacity during Phase 1, Energinet and GAZ-SYSTEM will introduce fast track implementation of the Baltic Pipe project. The Baltic Pipe is a strategic infrastructure project, with the goal of creating a new gas supply corridor in the European market. For the first time, it will be possible to transport gas from fields in Norway to the Danish and Polish markets, as well as to customers in the neighbouring countries. At the same time, the Baltic Pipe project will enable the supply of gas from Poland to the Danish and Swedish markets. Diversification of supplies through direct access to deposits of natural gas will significantly improve the energy security level. [...]