Baltic Pipe to be built if demand meets 75% capacity

According to Danish Energinet, the Baltic Pipe gas link will be built if the project will have 75 percent of its 10 billion cubic meters capacity secured in long-term contracts. The company will proceed with economic tests if t manages to secure such bids, which would have to be at least 15-year contracts. Polish gas operator PGNiG has previously said that it will book most of the gas link capacity, and will place them in the next six weeks. "This is the first serious attempt to build such a pipeline in 15 years and probably a once in a lifetime opportunity,” Soeren Juel Hansen, Energinet's chief consultant said. If the demand criteria are met, the pipeline could become operational in 2022, the same year, that the current deal between Poland and Russian Gazprom expires.