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IC - Europe Briefs - December 19, 2018
The 900-km Baltic Pipe project will now proceed thanks to positive final investment decisions by Polish gas transmission group Gaz-System and its Danish counterpart Energinet, which said the pipeline would cost DKK 12-16 billion ($1.8-2.4 billion), split equally between Poland and Denmark. The pipeline will be reversible, bringing gas from Norway though Denmark to Poland, and the other way around, if necessary. Startup is expected in October 2022. Aberdeen-based Coretrax, an independent wellbore clean-up and abandonment specialist, said it received “substantial” backing from London-based private equity group Buckthorn......
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