Danish national oil and gas company DONG AS plans to begin delivering...
Danish national oil and gas company DONG AS plans to begin delivering 2 billion cu m/year of gas to Poland in 2003 through the yet-to-be-built BaltPipe trunkline, following the signing of an export deal Monday with the Polish gas company POGC.
The deal, which hinges on Denmark's Dansk Undergrunds Consortium and DONG reaching agreement on increased gas deliveries from Danish North Sea fields, would see DONG export 16 billion cu m of natural gas to Poland to 2011.
POGC and DONG, meanwhile, have decided to form a consortium to build the 230-km BaltPipe gas pipeline, which would run from Danish Zealand to Poland's Baltic coast. The two companies expect Norwegian gas producers presently negotiating gas sales deals with POGC to join the consortium before next March.
DONG said BaltPipe would call for investment of 2.5 billion Danish kroner.
Final signing of the various agreements by Andrzej Lipko, managing director of POGC, and Holger Lavesen, managing director of DONG, is planned July 6 in Poland.