Danish investors estimates Baltic Pipe cost at €1.6-2.2 bln

According to Energinet, Danish gas operator involved in the Baltic Pipe project, the gas link will cost some €1.6-2.2 billion. The Danish side expects to spend some €0.67-0.94 billion on the scheme. Energinet along with its Polish peer Gaz-System, launched an Open Season procedure on the project, aimed to confirm the extent of gas demand and the required capacity for the gas link. “If Energinet and GAZ-SYSTEM S.A receive sufficient capacity bids from shippers during Phase 1, we will initiate a fast track implementation of the Baltic Pipe Project. Our goal: to start gas transmission services by 1 October 2022." Baltic Pipe is a planned gas transmission pipeline from Norway to Poland via Denmark. The capacity of the pipeline is planned at 10 billion cubic meters.