Grant Agreement on gas interconnector between Poland & Lithuania signed

The agreement facilitates construction of first gas pipeline between Poland and Lithuania and thus, ends the long lasting isolation of the Baltic Sea region.

Created On: Oct 24, 2015 15:17 IST

Poland and three Baltic states-Lithuania, Latvia and Estonia on 15 October 2015 signed the grant agreement on the GIPL (Gas Interconnector Poland – Lithuania) in Brussels, Belgium.

The agreement facilitates construction of first gas pipeline between Poland and Lithuania and thus, ends the long lasting isolation of the Baltic Sea region.

The agreement was signed by representatives of three countries in the presence of Jean-Claude Juncker (President of the European Commission), Ewa Kopacz (PM of Poland), Dalia Grybauskaite (President of Lithuania), Laimdota Straujuma (PM of Latvia) and, Taavi Roivas (PM of Estonia) at the EU headquarters.

Features of Gas Interconnector Poland – Lithuania

• It is the first gas interconnector between the Eastern Baltic Sea region and the Continental Europe.
• It will be of total length of 534 kilometres, including 357 km in Poland and 177 km in Lithuania.
• It will integrate the gas systems of the Baltic Sea region into the internal EU gas markets.
• The project was facilitated by the European Commission in the framework of the Baltic Energy Market Interconnection Plan initiative (BEMIP).
• It will be constructed at a cost of 558 million euros by December 2019.
• It will bring socio-economic benefits to the three Baltic States and Finland, post-the extension, by increasing the security of gas supply through alternative routes.

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एग्जाम की तैयारी के लिए ऐप पर वीकली टेस्ट लें और दूसरों के साथ प्रतिस्पर्धा करें। डाउनलोड करें करेंट अफेयर्स ऐप

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