GAZ-System Secures PLN 2.2 Billion for Gas Pipeline
Deal News | Jun 25, 2025 | CEE Legal Matters
GAZ-System, a pivotal player in Poland’s gas transmission landscape, has secured PLN 2.2 billion in financing to develop the GdanskGustorzyn gas pipeline. This 250-kilometer pipeline is significant for Poland’s energy infrastructure, expected to facilitate gas transmission both within the country and to regional markets across the Baltic States and Central and Eastern Europe (CEE). The financing was facilitated by Bank Gospodarstwa Krajowego, utilizing funds from Poland's National Recovery Plan, which is part of the EU's broader Recovery and Resilience Facility. Legal advisement for the transaction was provided by Norton Rose Fulbright for GAZ-System and Bird & Bird for the lender. The successful completion of this project will enhance Poland’s energy security and connectivity in the region.
Sectors
- Energy Infrastructure
- Legal Services
- Finance
Geography
- Poland – The development of the GdanskGustorzyn gas pipeline is taking place in Poland, reflecting the country's strategic enhancements in its gas infrastructure.
- Baltic States – The gas pipeline project will extend its impact beyond Poland to the Baltic States, highlighting regional connectivity and market influence.
- Central and Eastern Europe (CEE) – The pipeline's capacity to serve CEE markets indicates a broader regional significance of the project.
Industry
- Energy Infrastructure – The development of a 250-kilometer gas pipeline is a significant energy infrastructure project, crucial for the expansion and connectivity of Poland's gas transmission network.
- Legal Services – The article highlights the role of leading law firms Norton Rose Fulbright and Bird & Bird in advising on the financial transaction aspect of the gas pipeline project.
- Finance – The involvement of Bank Gospodarstwa Krajowego in providing substantial financing underscores the financial sector's role in supporting large-scale infrastructure projects.
Financials
- PLN 2.2 billion – Total financing secured for the development of the GdanskGustorzyn gas pipeline.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GAZ-System | Target Company | Company | Operator Gazociagow Przesylowych GAZ-System is a leading operator in Poland's gas transmission network and the subject of the financing deal. |
| Bank Gospodarstwa Krajowego | Lender | Company | A Polish bank that provided the substantial funding for the GdanskGustorzyn gas pipeline project. |
| Norton Rose Fulbright | Legal Advisor to GAZ-System | Company | A renowned international law firm providing legal counsel to GAZ-System in securing the financing. |
| Bird & Bird | Legal Advisor to Lender | Company | An international law firm that provided legal advisory services to the lender in the transaction. |