Polish Briefing 10 June, 2020 9:00 am   
COMMENTS: Mateusz Gibała

Polish Briefing: Lithuanians will take out a loan for the Poland-Lithuania gas pipeline

What goes on in Poland on the 10th of June.

Lithuanians will take out a loan for the Poland-Lithuania gas pipeline

The Lithuanian Amber Grid, which is a partner of the Polish Gaz-System in the construction of the Poland-Lithuania Gas Pipeline, will take a EUR 65 million loan for 18 years from the European Investment Bank for the implementation of this project.

The board of directors of Amber Grid is to approve the decision on this matter on 29 June. – The EIB loan granted on very favorable terms will help to successfully continue the implementation of the international project of Lithuania and Poland, which is important not only for our country, but the entire region – said Nemunas Biknius, president of Amber Grid.

The Poland-Lithuania gas pipeline is to be ready by the end of 2021 and connect the Baltic States with the European gas market through Poland. It is already realized in 23 percent. It will transport 2,4 billion cubic meters of gas annually to Lithuania and 1,9 billion cubic meters of gas to Poland.

Gaz-System has signed another contract for the creation of Baltic Pipe

Gaz-System has signed an agreement with Izostal for the supply of induction bends for the construction of the Goleniów-Lwówek and Niechorze-Płoty gas pipelines. The contract value is approximately EUR 2,3 million. The investment is a land part of the Baltic Pipe gas pipeline.

Under the contract, Izostal will provide 90 arches manufactured using the induction bending method. The total weight of all arches will exceed 202 tonnes. The first deliveries will take place in March 2021. The entire order is to be completed by the end of April 2021. The purchased arches will be used to build Baltic Pipe land components in Poland. The contractor was selected on the basis of competitive proceedings under the framework contract.