Poland-Lithuania gas pipeline deal signed

Gas interconnector Poland – Lithuania grant agreement signed

Prime Minister of Poland, Ewa Kopacz and President of Lithuania, Dalia Grybauskaité signed the grant agreement on the GIPL (Gas Interconnector Poland – Lithuania), the first pipeline connecting the two countries.

The gas interconnector will end the long-lasting isolation of the Baltic Sea region and bring the energy needed for a new economic dynamism to the region, according to joint statement by the signing parties.

The signature is lauded as a breakthrough increasing the security of supply and bringing more resilience to the European energy market.

Construction of the project is set to start by December 2019. Its total cost is €558 million which will be funded by the Baltic States and private investment alongside the European Commission’s contribution, made under the Connecting Europe Facility.

The gas pipeline will stretch some 357 km in Poland and 177 km in Lithuania. It will be capable of delivering 2.4 billion cubic meters of gas per year from Poland to Lithuania, and 1 billion cubic meters of gas per year from Lithuania to Poland.

 

Image: premier.gov.pl

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

The 6th CWC China LNG & Gas International Exhibition & Summit

Following on from LNG 2019 and five successful editions in Beijing, the established China LNG & Gas International Exhibition & Summit…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >