Poland, Baltic states sign pipeline deal

Poland
Poland has signed a deal with leaders of Baltic states to build a gas pipeline to Lithuania.

The Gas Interconnector Poland-Lithuania project is meant to secure the natural gas supply to the Baltic states.

The 534-kilometre line is scheduled to be complete by December 2019.

The European Commission, which took part in the deal, said in a statement that the pipeline would “end the long lasting isolation of the Baltic Sea region” as well as bringing Baltic states “the energy needed for a new economic dynamism.”

Lithuanian officials also said the pipeline could be used to transport gas to Ukraine via Poland through the LNG terminal at Klaipeda.

Recent Posts

UK allows oil exploration in North Sea wind project zones

The UK's hydrocarbons regulator has awarded 31 new exploration licences in the country's North Sea waters, Reuters reported on Friday Read More

2 hours ago

ExxonMobil closes acquisition of Pioneer, creating Permian powerhouse

ExxonMobil announced the closing of its USD 60-billion acquisition of Pioneer Natural Resources on Friday, a move that solidifies its… Read More

7 hours ago

BP-Eni joint venture Azule enters Namibia’s Orange Basin

Azule Energy and Rhino Resources will enter a strategic farm-in agreement for Block 2914A located in Namibia's offshore Orange Basin,… Read More

9 hours ago

Chariot starts gas drilling campaign in Morocco

Africa-focused energy group Chariot has spudded the RZK-1 exploration well on the Gaufrette prospect at the Loukos Onshore licence in… Read More

13 hours ago

Touchstone acquires Trinidad E&P player Trinity

Touchstone Exploration has acquired Trinidad-focused Trinity Exploration & Production in an all-shares deal, the Canadian upstream player said on Wednesday Read More

23 hours ago

ExxonMobil “optimistic and pushing forward” with Mozambique’s Rovuma LNG

ExxonMobil is "optimistic and pushing forward" with the Rovuma LNG project in Mozambique and eyes an FID by the year's… Read More

1 day ago

This website uses cookies.