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

TotalEnergies Inks 15-Year LNG Supply Deal with China’s Sinopec

MCDermott Gets Pipelines and Cables Job at Qatar's Giant Gas Field

Mitsubishi Boosts Stake in Petronas’ Malaysia LNG Plant

India Opts Out of Buying Gas from Russia's Sanctioned Arctic LNG 2 Project

Shelf Drilling to Consolidate Jack-Up Fleet and Resolve Funding Gaps via Triangular Merger

ADNOC Signs 15-Year LNG Supply Deal with Indian Oil

LNG Carriers Line Up At Malaysia's Bintulu Complex After Maintenance

Indonesia Green Lights Eni Gas Projects

ADNOC Signs LNG Supply Agreement with Osaka Gas for Ruwais LNG Project

South Korea's KOMIPO Cancels Plans for LNG Import Terminal

Current News

Velesto Completes Removal of Wrecked Naga 7 Jack-Up Rig Off Malaysia

BP Greenlights $7B CCUS Scheme Tied to Indonesia LNG Facility

Sapura Scoops Petrobras Contract for Pan-Malaysia Offshore Services

Velesto’s Drilling Rigs Up for Automatization Overhaul Under New Tech Alliance

US Firm Finds Chinese Partner to Deliver Mobile Offshore Drilling Units

TotalEnergies and Oil India to Jointly Tackle Methane Emissions Issues

Keppel Reclaiming Control of 13 Rigs to Cash In on Offshore Drilling Market's Growth

Global Offshore Wind Stumbles to the End of '24

Seatrium Delivers Fifth Jack-Up to Borr Drilling

Malaysia's FPSO Firm Bumi Armada Eyes Merger with MISC’s Offshore Unit

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