Poland expands gas storage facilities

The European Commission has given Warsaw the green light to pump 390 million euro into an underground gas storage project initiated by PGNiG, the state gas and oil company.

It will encompass expanding facilities in the south-eastern Podkarpacie, southern Slask and northern Kujawkso-Pomorskie regions. New underground gas storage tanks are also to be constructed in the north, on the Baltic coast.

The project is to be completed in five years.

The initiative was announced by EC spokeswoman Amelia Torres: "The Commission found that this will increase the security of gas supply in Poland to the benefit of companies and consumers without distorting competition, since other companies, third parties, also have access to the storage capacities that are being increased through these projects," she said.

The planned investment will allow Poland to increase the potential of its gas reserves from the current 1.6 to over 2.5 billion cubic meters. (ss)


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