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 mseputyte@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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