Poland's PGNiG expects Norway gas pipeline link by 2022

Thu Jan 28, 2016 9:07am GMT
 

WARSAW Jan 28 (Reuters) - Polish gas company PGNiG's plan to build a pipeline between Poland and Norway to reduce its dependence on Russia is expected to introduce a few billion cubic metres (bcm) of annual gas capacity by 2022, it said on Thursday.

The timing of the project would bring the pipeline online in time for the 2022 expiry of state-run PGNiG's current deal to buy gas from Russia's Gazprom.

PGNiG buys up to 10.2 bcm of gas a year from Gazprom, catering for the bulk of Poland's yearly consumption of nearly 16 bcm.

"By 2022 we want to have the technical possibility to transport a few billion cubic metres of gas from the north," PGNiG said in a statement.

PGNIG will present details of the Norway pipeline project later this year.

(Reporting by Agnieszka Barteczko; Editing by David Goodman)

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