Poland sent a clear message of moving away from its dependence to Russia on Thursday (4 October), when it secured the final investments needed to start construction of its first liquefied natural gas (LNG) terminal, expected to start importing gas from Qatar in 2014.
The European Bank for Reconstruction and Development (EBRD) said it gave a 75 million euro, 12-year loan to Polish gas grid operator Gaz-System to begin building the terminal. The rest of the financing for the total cost of €660 million euro will come from the European Commission via grants, European Investment Bank and the company, from its own revenues.
"What this project really represents is a choice for Poland to receive one third of its gas from a country other than Russia for the first time," EBRD Managing Director for Energy and Natural Resources Ricardo Puliti said.
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