12 May 2020 16:21

Sweden has issued final approval to construct Baltic Pipe gas pipeline from Denmark to Poland; alternative to Gazprom gas

MOSCOW. May 12 (Interfax) - The project to construct the Baltic Pipe gas pipeline from Denmark to Poland, by which Warsaw hopes to replace Gazprom gas supplies, received the final approval from Sweden on May 7, thereby allowing the pipeline to transit the kingdom's exclusive economic zone.

According to the Polish gas transmission operator Gaz-System, the length of the Swedish section is 85 kilometers, and the total length of the sea pipeline is 275 km.

A full set of approvals was previously obtained in Denmark and Poland. The Italian contractor Saipem will build the pipeline, and the European Commission is financing the project for 266.8 million euros.

The pipeline will be able to ship 10 billion cubic meters of natural gas per year to Poland and 3 billion cubic meters from Poland to Denmark.

The Polish gas company PGNiG is already participating in 31 licenses on the Norwegian shelf. The company's proven reserves on the shelf are 200 million barrels of oil equivalent.