Gaz-System expects to spend €874 mln on Baltic Pipe

Poland's gas transit operator Gaz-System expects to spend up to €874 million into the construction of the Baltic Pipe project, according to the company's preliminary estimates. The amount includes €442 million for the Polish part of the link connecting Danish Zealand to Niechorze, €91 million for a compressor station in Zealand and €342 million in related upgrades to Polish infrastructure, the firm said. Gaz-System has also estimated the annual operating costs of the scheme at €36.4 million. The cost of the Baltic Pipe gas link, estimated at €1.7 billion. The Danish side expects to spend some €0.67-0.94 billion on the scheme. 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.