A €130 million investment from the European Regional Development Fund (ERDF) to expand the Liquefied Natural Gas (LNG) Terminal in Świnoujście, northwest Poland, has been approved by the European Commission, which advances the EU’s plans to boost European energy security and reduce reliance on Russian gas supplies.
According to the Commission, 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.
“I applaud Poland’s commitment to diversification policy that lies at the centre of our energy union strategy,” European Commission Vice-President for Energy Union Maroš Šefčovič said. “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,” he added.
The LNG terminal’s construction was supported by a €224 million ERDF grant in the previous EU budget period. The development of the terminal is part of ongoing efforts to achieve energy independence and the EU Climate Goals.