Baltic Pipe gets €33 mln EU financing

Image: wikipedia

The Polish-Denmark Baltic Pipe gas link will get €33 million in funding from the Connecting Europe Facility program, the ministry of energy informed.

The gas pipeline project Baltic Pipe will receive financial support for the implementation of tasks in Poland and Denmark.

The pipeline is expected to have a capacity of 10 bcm annually. It will connect Poland with gas deposits on the North Sea. The project will cost between €1.6 – 2.2 billion and could become operational by 2022. The gas link will cost between €1.6 – 2.2 billion according to estimates.

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