Balticconnector Gas Pipeline Set to Resume Commercial Operations on April 22
(Reuters) — The damaged Balticconnector gas pipeline between Finland and Estonia will be in commercial use again on April 22, Finnish gas system operator Gasgrid executive Janne Gronlund told an industry conference on Wednesday.
The Balticconnector subsea gas link between Estonia and Finland was damaged in October along with three telecoms cables, hurting energy security and raising alarm bells in the wider region.
"At the moment we are commissioning the pipeline, and we anticipate that on Monday next week market participants can utilise Balticconnector again commercially," Gronlund said.
During the winter, Finland was able to replace the broken pipeline's capacity with the help of its Inkoo floating LNG terminal, which it originally leased in 2022 to replace Russian gas supply after the start of the war in Ukraine.
Satu Mattila, chief executive of Gasgrid Floating LNG Terminal Finland, said the storage and regasification unit (FSRU) would continue its operations normally despite Balticconnector's recommissioning.
"Its full capacity has been sold until the end of September," she told Reuters, adding bookings until December would open in May at the latest and for 2025 capacity from mid-July this year.
Mattila said the Inkoo terminal would continue to serve as a direct access point to the Finnish gas grid, but also for loads destined to be transferred via the Balticconnector to Incukalns underground gas storage site in Latvia.
Related News
Related News
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- FERC Sides with Williams in Texas-Louisiana Pipeline Dispute with Energy Transfer
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- Malaysia’s Oil Exports to China Surge Amid Broader Import Decline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Marathon Oil to Lay Off Over 500 Texas Workers Ahead of ConocoPhillips Merger
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
Comments