The European Union's antitrust authority said Wednesday it has approved state aid totalling 1.95 billion Polish zlotys ($601 million) that will help fund the building of gas pipelines in Poland.
The European Union's antitrust authority said Wednesday it has approved
state aid totalling 1.95 billion Polish zlotys ($601 million) that will help
fund the building of gas pipelines in
Poland
.
The European Commission, the EU's executive arm, said the project was in line
with EU state aid rules because it "will further EU energy goals without
unduly distorting competition in the internal market."
Poland
notified the commission in March of its plans to grant aid to GAZ-SYSTEM, the
state-owned gas transmission system operator, to fund a new network of gas
pipelines.
"As the pipelines will have a higher transmission capacity, it will be
possible to give network access to a greater number of gas suppliers, in line
with the principle of "Third Party Access" defined in EU internal
market rules," the commission said.
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