Poland and Denmark sign memorandum on Baltic Pipe

Poland's PM Beata Szydło and her Danish counterpart Lars Lokke Rasmussen signed a memorandum of understanding on the Baltic Pipe gas project. “This is a very important investment for Poland, this is an issue related to the improvement of energy security of Poland, but also of the entire region,” Szydło said. The project will cost between €1.6 - 2.2 billion, and could become operational by 2020. The pipe is expected to have a capacity of 10 bcm annually. It will connect Poland with gas deposits on the North Sea.