The European Commission has approved a €130 million investment from the European Regional Development Fund to expand an 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 can be easily transported. The funding was possible due to an important regional dimension of the project.
Product from the terminal will be transported through the newly constructed interconnectors to other countries including the Baltic States, Slovakia, Czechia and Ukraine.
Maroš Šefčovič, vice president for Energy Union, says: 'I applaud Poland's commitment to diversification policy that lies at the centre 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 development of the terminal is part of ongoing efforts to achieve energy independence and the EU's climate goals.