PGNiG buying its way into Skanled consortium

The entire project will cost the company an estimated zł.500 million, and while it is currently entering the third design phase of the project, the final decision regarding its participation will be made in 2009 after all necessary permits are obtained. The consortium carrying out the project envisages the construction of a 460 km pipeline by 2013. PGNiG managed to negotiate a connection between Skanled and the Baltic Pipe, which will deliver gas from Denmark to Poland at a cost of EUR 200 million. "Following the purchase of shares in Norwegian deposits and the signing a letter of intent with Energinet regarding the Baltic Pipe's construction, PGNiG's purchase of a stake in the Skanled consortium is another important step towards securing supplies of natural gas from Scandinavia," said PGNiG president Krzysztof Głogowski. (Parkiet, pp. 1, 3; Rzeczpospolita, pp. A1, B1) M.M.