The European Commission has invested in the construction of the gas pipeline connecting Lithuania with Poland, 300 million euros. This is the first project in the field of energy, which will connect the Baltic countries with the European market.
BRUSSELS, 15 Oct. Maria Knyazeva. The agreement on construction of the gas pipeline connecting Lithuania with Poland, which should start by the beginning of 2020, was signed on Thursday in Brussels, according to a press release of the European Commission (EC).
“Today’s signing will provide an opportunity to start the construction works with the aim to complete the pipeline by December 2019,” — reads the release.
The EC acted as an intermediary “in this transaction” and invested 300 million euros, said the Chairman of the Commission Jean-Claude Juncker.
“This is the first infrastructure project in the energy sector, which will connect the Baltic countries with the European market. We have completed energy isolation of the Baltic States, had finished a long dependence on one supplier (Russia — ed.)”, — said Juncker at a press conference after signing the agreement.
“These investments will bring dividends — the free flow of energy in Europe. We need that for security of supply, diversification of sources of energy”, — said the head of the EC.