The European Commission will allocate a subsidy of up to 215 million euros ($243 million) for the Baltic Pipe project, which envisages the construction of an offshore gas pipeline connecting transmission systems of Poland and Denmark, the Polish Gaz-System operator said on Friday.
“The Baltic Pipe Project has been granted the subsidy for construction works under the Connecting Europe Facility (CEF) by the European Commission. The maximum allocated support amounts to nearly €215 million. This decision emphasizes the signifcance of the Project for building the European gas market and strengthening the security of supply in the region,” the transmission system operator said in a statement.