Poland-Lithuania Link to EU Gas Markets Gets Financing Deal
- Natural-gas pipeline to be constructed by December 2019
- EU grant will cover more than 50% of construction cost
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A natural gas pipeline between Poland and Lithuania, which will link the Baltic region with the rest of the European Union, got an injection of 295.4 million euros ($337.9 million) from the bloc’s coffers.
The project, valued at 558 million euros, will enable shipping 2.4 billion cubic meters of gas a year from Poland to Lithuania and 1 billion cubic meters a year in the reverse direction. It will also help Latvia and Estonia diversify their energy supply, now predominantly dependent on Russia.