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Interfax: Polish gas monopolist PGNiG reaches an agreement on gas pipeline project from Denmark

Interfax: Polish gas monopolist PGNiG reaches an agreement on gas pipeline project from Denmark

2.5.2007 17:48
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WARSAW. MAY 2. INTERFAX C.NTRAL EUROPE - Polish gas monopolist PGNiG has reached an agreement with Energinet.dk to realize a new Baltic Sea gas pipeline, the Baltic Pipe project, between Poland and Denmark, PGNiG stated on Wednesday.

"The agreement with Energinet.dk is an important step in the realization of our strategic intentions - the diversification of gas imports to Poland," PGNiG's CEO Krzysztof Glogowski said, as quoted in the statement. "PGNiG is also examining possibilities to transport gas from the Skarv and Snadd fields that belong to the company, as well as import Norwegian gas through the Skanled pipeline, using the Danish system of gas pipelines and Baltic Pipe."

The agreement with Energinet.dk, regarding possible cooperation to realize the Baltic Pipe gas pipeline is a part of PGNiG's work on linking Poland with the Scandinavian fields. The Baltic Pipe is linked to the Skanled project, a gas pipeline that could see Norway send gas through Sweden and Denmark, but also send gas through Poland through the Danish gas system.

PGNiG is considering sole financing of the Baltic Pipe project, which would mean that the pipeline would be a property of PGNiG.

The companies, PGNiG and Energinet.dk, will also work on possibility opening reversed supplies between Poland and Denmark.

PGNiG also said that the steering committee of the consortium, established to realize the Skanled gas pipeline, accepted PGNiG's application to participate in the consortium works.

"There are plans for PGNiG to formally join the consortium by the end of May 2007," reads the statement.


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