ERDF invests 130 million euros to expand the LNG Terminal in Świnoujście

ERDF invests 130 million euros to expand the LNG Terminal in Świnoujście

November 13, 2019 | Budapest LNG Summit | news

The European regional Development Fund (ERDF) invested 130 million euros 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.

“I applaud Poland’s commitment to diversification policy that lies at the centre of our energy union strategy,” said the Vice-President for Energy Union Maroš Šefčovič. “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.”

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

The development of the terminal is part of ongoing efforts to achieve energy independence and the EU Climate Goals.

In fact, ensuring that all Member States have access to liquid gas markets is a key objective of the EU’s energy union strategy. LNG can give a real boost to the EU’s diversity of gas supply and hence greatly improve energy security. In 2018, 13 Member States imported a total of 62 billion cubic metres of LNG, and LNG imports made up 14 per cent of total extra-EU gas imports.