Finland Eyes Imports of Piped Gas via Baltics, Poland

By Lefteris Karagiannopoulos
Thursday, November 15, 2018

Finland could in future receive gas from Norway via a network of pipes being planned through the Baltic countries and Poland, as part of an effort to reduce its dependency on gas imports from Russia.

Helsinki and Tallinn are constructing a gas pipeline under the Gulf of Finland to Estonia, called Balticconnector and with a capacity to transport 7.2 million cubic meters of gas per day.

"The plan is for Finland to get fully connected to the European gas network and access gas from other sources such as ... Norwegian gas," Herkko Plit, CEO of Baltic Connector Oy, one of the two owners of the planned pipeline, told Reuters.

Balticconnector would allow such imports of piped gas via a pipeline between Poland and Lithuania called GIPL, due to be completed by December 2021, which in turn could be connected to the planned Baltic Pipe linking Poland to Norway, via Denmark.

The investment decision for the Baltic Pipe, a project with an estimated value of 2.1 billion euros ($2.37 billion), is expected by its partners, Polish and Danish transmission system operators Gaz-System and Energinet, by the end of 2018.

Plit was speaking by phone from Warsaw, where he was meeting the partners of the Baltic Pipe to present information about the Balticconnector.

Finland and eastern European countries have in recent years tried to reduce their dependence on Russian gas, partly over concerns that Moscow could use its gas monopoly for political influence, after a similar spat with Ukraine about a decade ago.

Finland imports all its gas from Russia, with gas accounting for five percent of its total energy needs.

Balticconnector's commercial operations are scheduled to start on January 1, 2020. It is co-owned by the Finnish natural gas transmission system operators, Baltic Connector Oy, and its Estonia counterpart, Elering AS.


($1 = 0.8843 euros)

(Editing by Terje Solsvik and Adrian Croft)

Categories: LNG Pipelines Natural Gas

Related Stories

FPSO for Azule Energy’s Angola Offshore Field Starts Taking Shape in China

QatarEnergy Prolongs LNG Force Majeure, Charters Out Tankers

ABL Gets Papua New Guinea FSO Job

Sunda Energy Applies for Exploration Permit Offshore New Zealand

Dolphin Drilling’s Blackford Dolphin Secures More Work for Oil India

Gastech 2026 to convene global energy leaders in Bangkok as Asia accelerates demand, LNG investment and system transformation

Yinson Production Names FSO for Murphy's Lac Da Vang Project off Vietnam

Saipem to Sell Saudi Shallow-Water Drilling Business to ADES for $285M

Qatari LNG Carriers Re-Enter Hormuz as Traffic Through Strait Slumps

Oil Edges Higher as Uncertainty Clouds US-Iran Truce

Current News

PTTEP, Petronas Ink 35-Year Malaysia-Thailand Gas Deals

Iran Outlines Terms for Restoring Hormuz Shipping

Technip Energies Nets Engineering Services Job for ADNOC Offshore

Seatrium Nears Dual FPSO Sailaway for Petrobras' Búzios Field

Strait of Hormuz Shipping Marks Slight Rise

China's CNOOC Posts Record First-Half Profit

BP Completes Central Azeri Platform Maintenance, Ramps Up Production

Iran-Oman Talks on Hormuz Reopening Drive Down Oil Prices

Viridien Progresses Hybrid Multi-Client Survey Offshore Malaysia

TGS Extends Work on Indonesia’s Largest Seismic Acquisition Project

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com