Advertisement
UK markets closed
  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     
  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     
  • AIM

    755.28
    +2.16 (+0.29%)
     
  • GBP/EUR

    1.1679
    +0.0022 (+0.19%)
     
  • GBP/USD

    1.2494
    -0.0017 (-0.13%)
     
  • Bitcoin GBP

    51,092.50
    +698.41 (+1.39%)
     
  • CMC Crypto 200

    1,345.58
    -50.96 (-3.65%)
     
  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     
  • DOW

    38,239.66
    +153.86 (+0.40%)
     
  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     
  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     
  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     
  • DAX

    18,161.01
    +243.73 (+1.36%)
     
  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     

Norway-Poland gas pipeline to be ready in Oct-Nov, Polish PM says

Newly appointed Polish Prime Minister Morawiecki reacts after receiving his nomination from President Duda during a government swearing-in ceremony in Warsaw

(This March. 8 story corrects fifth paragraph to say that project was halted in May 2021 not 2019)

OSLO (Reuters) - A gas pipeline that is under construction from Norway via Denmark to Poland is expected to be ready for shipments in October or November this year, Polish Prime Minister Mateusz Morawiecki told a news conference in Oslo on Tuesday.

The European Commission has published plans to cut EU dependency on Russian gas by two-thirds this year and end its reliance on Russian supplies of the fuel "well before 2030".

"Towards the end of this year, October, November, the Baltic Pipe is going to be ready ... Today we know very well that we have to be independent of Russian oil and gas," Morawiecki said.

ADVERTISEMENT

The Baltic Pipe will have a capacity to transport 10 billion cubic metres of Norwegian gas per year, around half of Poland's annual needs, Morawiecki said during a joint appearance with Norwegian Prime Minister Jonas Gahr Stoere.

Construction of the long-planned project was halted in May 2021 due to environmental issues in Denmark, but work has now resumed, Danish grid operator Energinet said on March 1.

Energinet said it had received a new environmental permit and expects the pipeline to be partially operational from Oct. 1 and running at full capacity from Jan. 1, 2023. The suspension has already delayed the start date by three months.

(Reporting by Nerijus Adomaitis, writing by Terje Solsvik, editing by Gwladys Fouche)