European loan for gas interconnection project between Poland and Lithuania
22:55
The European Investment Bank (EIB) has signed a €65 million loan agreement with Lithuanian gas transmission system operator AB Amber Grid to finance the construction of the Lithuanian section of the planned gas interconnection between Poland and Lithuania. The interconnection will be the first high-pressure gas pipeline between Poland and Lithuania, integrating the Baltic States and Finland into the wider EU gas market and diversifying gas supply sources. The project will also increase security and reliability of gas supplies for the local and regional market.
“Security of energy supply is a recurring theme in the EIB’s investments in the Baltic States. This interconnection with Poland is a key step in the real integration of the European energy market, as it will allow all the Baltic States and Finland to fully connect to European gas networks,” EIB Vice-President Thomas Östros remarked.
In terms of regional connections, the EIB previously financed the electricity interconnection between Poland and Lithuania, known as the LitPol Link.
(WBJ)
