The European Commission has endorsed a €215 million Connecting Europe Facility (CEF) grant for the Baltic Pipe project that is expected to boost energy security of Poland but also the Baltics and Central Europe.
The signature ceremony of the agreement for the €214.9 million CEF grant for works for the Baltic Pipe project connecting Poland and Denmark with Norway took place at the European Commission headquarters on 15 April in the presence of Vice-President for Energy Union Maroš Šefčovič and Climate Action and Energy Commissioner Miguel Arias Cañete together with Polish Prime Minister Mateusz Morawiecki and Polish government’s Commissioner for Strategic Energy Infrastructure Piotr Naimski.
The Baltic Pipe Project is a gas infrastructure project aiming at creating a new gas supply corridor in the European market. The new pipeline will allow, as of 2022, the shipment of gas from the North Sea to the Polish market and further to the Baltic States, as well as to end-users in neighboring countries.
At the same time, it will enable the supply of gas from Poland, including from Liquefied Natural Gas imports, to the Danish and Swedish markets. This new pipeline is a European Project of Common Interest (PCI) and parts of this project – analysis of economic feasibility and technical feasibility study and other preparatory studies – are already co-financed by CEF Energy.