June 2019, Vol. 246, No. 6
Global News
Finland-Estonia Balticconnector Gas Flows Estimate Set
The Balticconnector pipeline, which is due to start operation early next year, will begin with a capacity of between 97 MMcf and 133 MMcf per day from Estonia to Finland, Estonian partner Elering said.
Flows the other way, from Finland to Estonia, will start with a capacity of between 144 MMcf and 200 MMcf per day, the company said in a statement. Capacities are calculated for the starting period of winter-spring of 2020.
Finland, Estonia and Latvia, which will be served by the pipeline, agreed to form a joint gas market earlier this year. According to the agreement, gas will move between the three countries without additional costs. The volume of the market is approximately 137 Bcf per year.
The $336-million (300 million-euro) pipeline is mostly funded by the European Union and will allow Finland to diversify the source of its gas imports which were previously supplied solely by Russia’s Gazprom.
The project’s partners are Elering and Finland’s state-owned Baltic Connector Oy. About 75% of the pipeline cost is covered by the EU, with Finland and Estonia sharing the rest of the bill.
Comments