Stork II gas pipeline

19/9/2016
Project development

€ 650 million

$ 730 million

Announced

19/9/2016


Overview:

  • Stork II gas pipeline.
  • Stork II is a project to develop a pipeline that will connect Czech Republic's gas network with the Swinoujscie LNG terminal in Poland.
  • The pipeline is expected to have a capacity of 5 billion cubic metres annually. 
  • Czech Republic and Poland's gas pipeline operators - Net4Gas and Gaz-System respectively - are sponsoring the project. 
  • The interconnector forms part of the EU's plans to create a North-South gas corridor in Central and Eastern Europe (CEE) to improve energy security for countries in the region. 
  • The protracted project has experienced delays but negotiations concerning financing have taken place.  
  • The project is scheduled to be operational by 2020. 

Ben Naylor - Regional editor

Jurisdictions:

Belgium
Austria
Czech Republic
Poland

Deal type:

Project development

Practice area:

Project development

Governing laws:

Poland
Czech Republic

Industry sector:

Oil and gas


Firms:

Party: Net4Gas (Sponsor)

Lawyer: Kamil Blažek


Party: Net4Gas (Sponsor)