EU invests to upgrade Polish Liquefied Natural Gas terminal in Świnoujście

The European Commission has approved a €130 million investment from the ERDF to expand the Liquefied Natural Gas (LNG) Terminal in Świnoujście, northwest Poland. 

The project will increase the terminal’s capacity to convert LNG into its gaseous form, store it, and ensure that it is easily transported. 

The ERDF financing was possible notably due to an important regional dimension of the project.

 LNG from the terminal will be transported through the newly constructed interconnectors to other countries including the Baltic States, Slovakia, Czechia and Ukraine. 

Vice-President for Energy Union Maroš Šefčovič said: “I applaud Poland’s commitment to diversification policy that lies at the center of our Energy Union Strategy. It is yet another key step in strengthening security of supply of entire Central and South Eastern Europe, increasing competition on the regional gas market and providing industry as well as households with secure, reliable and affordable energy.” 

The LNG terminal’s construction was supported by a €224 million ERDF grant in the previous EU budget period. 

Meanwhile, the European Commission has approved to mobilise €14.35 million in budget support assistance to the Republic of Moldova to support the country in delivering on its ambitious reform agenda in the fields of law enforcement, anti-corruption, anti-money laundering, public finance and energy. 

Johannes Hahn, Commissioner for European Neighbourhood Policy and Enlargement Negotiations said: “Today’s assistance package demonstrates the EU’s commitment to the Moldovan citizens, who have long demanded that such reforms are put in place. 

"The Moldovan authorities are intensifying their work to combat corruption in an effective way and to guarantee the independence of the judiciary and prosecution services. This is vital for public trust and needs to move forward at full speed. The Moldovan people can count on the EU’s full support to accompany the process”

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Martin Banks

Martin Banks

Martin Banks is a highly qualified journalist with many years experience of working within the EU institutions. He is an occasional, and highly valued, contributor to EU today, writing on a wide variety of issues.

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