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Gaz System and Energinet build on their impressive partnership, Equities News - EquitiesPoland.pl
Coverage of high-potential mid-market firms in Poland


Gaz-System and Energinet build on their impressive partnership

Polish natural gas transit system operator Gaz-System and its Danish counterpart Energinet will continue works on the Baltic Pipe gas project after the first stage of open season confirmed sufficient demand for the transit capacity, Gaz-System said in a statement on its website.

"the first stage of of open season 2017 for the Baltic Pipe project confirmed market's interest in realization of this project by confirming sufficient demand for gas transit from the North Sea via Danmark and the Baltic Sea to Poland," the statement reads.


Based on the results of the first stage of the procedure, the operators "decided to continue efforts aimed at realization of the Baltic Pipe project," the operator wrote.


In early June Poland's PM Beata Szydlo and her Danish counterpart Lars Lokke Rasmussen signed a memorandum of understanding on the Baltic Pipe project. Gaz-System and Energinet launched an open season for the pipe on June 6 to assess demand for transit capacity of the pipe that will link Poland to Denmark and, further, the natural gas deposits of the North Sea.


The pipe is expected to have a capacity of 10 bcm annually.


The pipe will cost some EUR 1.6 - 2.2 bln, according to estimates released by Energinet. Gaz-System estimates its contribution at EUR 874 mln.



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