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Friday, March 29, 2024

Polish-backed Baltic Pipe is catching up with Russian-backed Nord Stream 2

The Baltic Pipe gas pipeline from Norway to Poland is on schedule and will be ready in October 2022

The Baltic Pipe, which is promoted by Poland and other European countries as a rival to the Russian-German Nord Stream 2 pipeline, is catching up with its rival.

Tomasz Stępień, the CEO of Polish firm Gaz-System, explained at the European Economic Congress that when the Polish-Danish investment was initiated in May 2016, Baltic Pipe was 26 months behind Nord Stream 2.

He added that in the case of Nord Stream 2, that pipeline is mostly constructed but it has not been given a permit from the Danish government, which means that Baltic Pipe is slowly catching up with that project.

“Today, this distance has been decreased dramatically,” said Stępień.

 

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