PGNiG secures deal with Energinet for Baltic Pipe

The news sent its share price up by 7.2% as the Baltic Pipe is part of a  larger project, known as Skanled, that foresees the building of a gas pipeline linking Norway with Sweden and Denmark and a possible extension to Poland (via Denmark). "We are considering the possibilities for importing gas from our Skarv and Snadd fields as well as Norwegian gas imports through the Skanled pipeline and the Baltic Pipe," said Krzysztof Glogowski, PGNiG's CEO. The financing structure for the Baltic Pipe has not been decided yet. PGNiG could fully fund the project by itself and become the owner, or it could opt for a model that allows for two-way gas transmission between Poland and Denmark. (Puls Biznesu. p. 8) R.M.