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Poland, Denmark agree Baltic Sea gas pipeline

Poland, Denmark agree Baltic Sea gas pipeline

Poland’s GAZ-SYSTEM SA and Danish Energinet SOV have agreed on Friday their joint plan on Baltic Sea gas pipeline’s maintenance. Their deal anticipates the Baltic Pipe to put into service all its elements until October 1st, 2022.

The Baltic Sea gas pipeline planned to have a capacity of up to 10 billion cubic meters a year, announced the building a natural gas pipeline along the Baltic Sea floor. The new 900 kilometre-long pipeline will allow Poland, Denmark and Norway to ease heavy dependence on Russian supplies.

The building of such a strategic Baltic Pipe gas pipeline will enable gas to be imported from the Norwegian Shelf via Denmark, a new project already received EU financial support of 51.4 million euros from the Connecting Europe Facility (CEF).

Earlier this month, Poland signed its second multi-decade agreement deal for US liquefied natural gas (LNG) deliveries in an effort to wean itself off its heavy reliance on Russia amid tensions with Kremlin. The Baltic Pipe project is due to be pumping gas to Poland via Danish territory by 2022 when Warsaw’s contract with Russia’s Gazprom is set to end.

“Today we managed to make a quantum leap towards the security and independence of Poland’s energy sector,” Polish Prime Minister Mateusz Morawiecki said on Twitter confirming the deal on Friday.

Poland, which currently sources about two-thirds of its gas from Russian energy giant Gazprom, is also eyeing imports from Norway and Qatar. The latter made a decision to develop its gas sector instead of oil one, the country even has announced it withdraws from The Organization of the Petroleum Exporting Countries (OPEC) in January 2019.