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

30/06/2010 09:18 Natural Gas

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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.

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