09.01.2017

GAZ-SYSTEM: over PLN 1 billion in EU subventions in 2016

The recent financing agreement, signed back in 2016 within the Infrastructure and Environment Program, covers the construction of the Zdzieszowice-Wrocław gas pipeline. The project has been supported with EU funds amounting to PLN 340 million. Therefore, in 2016 GAZ-SYSTEM concluded an agreement with the Oil and Gas Institute*, under the Infrastructure and Environment Program, totaling at more than PLN 1,009 billion.

Owing  to involvement of  GAZ-SYSTEM in acquiring EU funds, the company does not bear high investment costs. At such a scale of projects, it is essential to maintain stability of financingsaid Tomasz Stępień, CEO of GAZ-SYSTEM.

Zdzieszowice-Wrocław gas pipeline of a length of ca. 130 km and the diameter of 1000 mm will pass through Dolnośląskie and Opolskie Provinces. All four gas pipeline, that were provided with EU subventions, will constitute a crucial component of the North-South Gas Corridor.

 

* The Oil and Gas Institute – the National Research Institute acts as an Implementing Institution, in charge of Action 7.1.   Development of intelligent warehousing, transmission and energy distribution system, priority axis  VII – Improvement of the energy security.

 

press release download: GAZ-SYSTEM: over PLN 1 billion in EU subventions in 2016

GAZ-SYSTEM is a strategic company for the Polish economy. It is responsible for the transmission of natural gas, manages the most important gas pipelines in Poland and owns the President Lech Kaczyński LNG Terminal in Świnoujście.

As part of the 2015-2025 investment programme, GAZ-SYSTEM is constructing over 2000 km of new gas pipelines in the western, southern and eastern parts of Poland. Over a dozen new gas pipelines are under construction within the North-South Gas Corridor and the compressor station in Kędzierzyn Koźle, as well as interconnections with Lithuania and Slovakia. Onshore gas pipelines are planned to connect the planned FSRU floating terminal in the Gulf of Gdansk with the national transmission system. The LNG Terminal in Świnoujście is also being extended, as a result of which the regasification capacity of this facility will be increased by more than a half.

The company is also implementing one of the most important infrastructural projects in the country - the Baltic Pipe project which consists in the construction of a two-way offshore gas pipeline connecting Poland and Denmark, expansion of the local transmission network and three gas compressor stations.

 


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