EU approves Polish public subventions for the construction of underground gas storages

30/06/2010 09:18 Natural Gas


In 2009, Poland asked the permission of the EU to offer financial support to a company planning to construct 4 natural gas underground storages in Poland.

Poland’s funding for this project is estimated at 390 million euros, or 1,539 millions PLN. The four storages will be built by the public company Polskie Gornictwo, the main gas distributor on the Polish market. The project will be finalized in 2015. The new storages will increase Polish storage capacity by 1 billion cubic meters, arriving at 2.6 billion, and will improve energetic security of the country. This way, Poland is coming closer to the European storage capacity (which is 14 % of total yearly demand). The storages will be available to all the competitors on the Polish market, helping them to better fulfill their obligations by making gas reserves.

Daily (28.05.2020): After previous gains, energy markets turned bearish again on Wednesday

28/05/2020 11:48:00

Oil prices turned bearish on Wednesday as tensions between China and the United States intensified, following the statements of the American president about a firm response to China’s proposed security law in Hong Kong. Moreover, some traders treated with suspicion Russia’s commitment to deep production cuts.


European Energy Wins Approvals for Two Offshore Wind Farms in Denmark

28/05/2020 10:12:00

Renewables developer European Energy A/S has received the approval of its environmental impact assessments (EIA) for two of its offshore wind projects, Omø South and Jammerland Bay in Denmark.


EDF submits application to build 3.2 GW Sizewell C nuclear plant in UK

28/05/2020 10:06:00

EDF Energy has submitted an application to the UK's Planning Inspectorate to build two 1.6 GW nuclear reactors at its Sizewell site in Suffolk, it said Wednesday.