Gazoprojekt Wins Feasibility Study Tender for Slovakia-Poland Gas Pipeline

GAZ-SYSTEM S.A. and the Slovakian eustream a.s. have signed the contract for feasibility study on the conditions for implementing the gas pipeline interconnection between Slovakia and Poland.

The winner of the tender is GAZOPROJEKT S.A, which will cooperate with recognized consultant Ernst & Young and the Slovak company – GasTech s.r.o.

The analyses will specify the business requisites for the Polish-Slovak interconnector project and will provide information about the general, technical, economic and environmental conditions, as well as other constraints required for its fulfillment. The Study will comprise of two analyses. The first one will specify the business environment for the project. The second analysis will cover issues related to implementation of the project, e.g.: detailed technical description, economic assumptions, cost identification, economic analyses, evaluation of the project in the context the environmental protection and the potential time schedule of the Project implementation.

The Gas Interconnection Poland – Slovakia project will include the construction of a new cross-border gas pipeline, which will connect the natural gas transmission systems of Poland and Slovakia. The Interconnector, which is part of the planned North-South corridor will diversify gas routes, increase gas market liquidity, ensure the security of gas supplies at competitive prices and contribute significantly to the energy security of the whole European Union. The project has a particular value for the market by supporting the process of liberalization of gas markets, providing conditions for the seamless gas flows and strengthening the competitiveness of gas as an important resource for the economy.

The Companies expect to obtain co-financing for the project from the European Union within the Trans-European Energy Network (TEN-E) Programme.

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LNG World News Staff, April 3, 2012