Poland and the Baltics signs pipeline deal
13:03
The President of the European Commission, Jean-Claude Juncker along with the Prime Minister of Poland, Ewa Kopacz, the President of Lithuania, Dalia Grybauskaité, the Prime Minister of Latvia, Laimdota Straujuma and the Prime Minister of Estonia, Taavi Rõivas attended a signature ceremony of the first gas interconnecton between Poland and Lithuania (GIPL - Gas Interconnector Poland – Lithuania) that will end the long lasting isolation of the Baltic Sea region and bring the energy needed for a new economic dynamism to the region, the European Commission informed in a press release.
"Today's signature is about European solidarity. It is about leaders taking responsible decisions to increase our security and strengthen our resilience. Today we have done much more than bringing the energy isolation of the Baltic States to an end. We have brought the region closer together. Today we have agreed on European infrastructure that will unite us, instead of dividing us," said president Juncker.
Today's signature will enable the promoters to start construction works with the aim of finalizing the pipeline by December 2019.
The project will be co-founded by the EU with a €295,4 million subisdy.