Poland’s PGNiG to Build Norwegian Pipeline
- New Europe Investor
- February 01, 2016
Poland’s state run gas company, PGNiG, is to build a pipeline to Norway according to reports from Warsaw.
To be completed by 2022, the aim of the pipeline is to reduce dependency on gas from Russia’s Gazprom, where nearly a third of Poland’s requirements come from. The price paid is frequently higher than any other European Union country, which has been the source of much controversy for many years.
In a blow to PGNiG, Norway’s Statoil has said it will not be investing in the project. They added that they will keep an eye on it saying, ‘Poland is an interesting market and will look into using the infrastructure should it be realised’. Gassco, Norway’s offshore pipeline operator also said they will not be investing.
PGNiG have a number of stakes in gas fields in the Norwegian Sea. They will be hoping to utilise these relationships to bring the project forward.
Full details of the pipeline will be released later in the year.