Poland, Lithuania Gas Pipeline May Cost $625 Million, BNS Says
A planned gas pipeline between Poland and Lithuania may cost 471 million euros ($625 million), the Baltic News Service reported today, citing Slawomir Sliwinsky, board member of Poland’s Gaz-Systems.
The 562-kilometer pipeline is projected to be completed in 2018, which would supply the Baltic region with 2.3 billion cubic meters of gas a year, the newswire said. Gaz-Systems and Lithuania’s gas utility Lietuvos Dujos AB (LDJ1L) plan to receive financing for the project from the European Commission, it said.
To contact the reporter on this story: Milda Seputyte in Vilnius at firstname.lastname@example.org
To contact the editor responsible for this story: Balazs Penz at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.