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

Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects

Aramco Expands US Partnerships with $30B in New Deals

Energy Drilling’s EDrill-2 Rig Starts Ops for PTTEP in Gulf of Thailand

PV Drilling Takes Ownership of Noble Corporation’s Stacked Jack-Up Rig

Synergy Marine Group Completes Conversion of LNG Vessel to FSRU

Japan Picks Wood Mackenzie to Assess Trump-Backed Alaska LNG Scheme

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

CNOOC Brings New Offshore Gas Field On Stream

Current News

Eni Expands Asian Footprint with Long-Term LNG Contract in Thailand

Finder Energy Buys Petrojarl I FPSO for Timor-Leste Oil and Gas Projects

CNOOC Puts New South China Sea Development Into Production Mode

ADES Nets $63M Contract for Compact Driller Jack-Up off Brunei

Mubadala Energy, PLN Energy Primer Team Up for Andaman Sea Gas Supply

BP Hires Seatrium to Deliver Tiber FPU in Gulf of America

Venture Global, Tokyo Gas Ink 20-Year LNG Supply Deal

Greater Sunrise Moves to Next Phase with Timor-Leste, Woodside Deal

Russia Seeks to Boost Oil Exports to China as Sanctions Tighten

Blackford Dolphin Semi-Sub to Keep Drilling Offshore India

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