Baltic Pipe passes economic viability tests

The Baltic Pipe scheme has passed the economic viability tests conducted by project’s partners Gaz System and Energinet, which means that one of the conditions to sign deals to transit gas has been met. According to Gaz-System, the first contracts will be signed by end-January 2018 with first deliveries planned for October 2022. The final decision regarding the investment should be made next year.

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, with Gaz-System paying €847 million.

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