Poland's natural gas monopoly Polskie Gornictwo Naftowe i Gazownictwo SA (PGN.WA), or PGNiG, may pull out of building a gas pipeline connecting Poland and Denmark, the daily Rzeczpospolita reports, citing the company's new chief executive Michal Szubski.
The costs of the pipeline are estimated at EUR300 million and PGNiG will be able to participate only if it gets financial support from its Danish counterpart Energinet, Szubski said.
"I can't rule out pulling out of this project if our Danish partner won't participate in its financing," Szubski was quoted as saying.
However, PGNiG is determined to continue its other flagship project - building a liquid natural gas, or LNG, terminal in the Polish coastal city of Swinoujscie, Szubski said.
The launch of the terminal is possible in 2012, Szubski said.
"The main question is whether the investment should be implemented with a partner, or by PGNiG alone," Szubski said.