Baltic Pipe enters second phase. PGNiG eyes maximum capacity

WSE-listed, state-owned gas giant PGNiG plans to book highest possible capacity in the planned Baltic Pipe gas link, the company CEO Piotr Woźniak said. “The 7.5 bcm of gas is a realistic volume, but we would gladly accept more,” Woźniak said. Polish, state-owned gas infrastructure operator Gaz-System, and its Danish counterpart Energinet, launched the second phase of the open season procedure for the Baltic Pipe scheme aimed at signing binding deals. Interested companies can submit their final bids for capacity allocation by October 31, 2017. 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.