Balticconnector is officially commissioned

On December 11, Estonia and Finland officially launched a gas pipeline that connected the gas transmission systems of two countries. This is reported by BusinessCensor.

“Its opening means the creation of a single Baltic-Finnish gas market, it will unite the gas markets of three European countries – Finland, Estonia and Latvia into a single Baltic marketЭ, the Estonian energy company Elering said in a statement.

Balticconnector will ensure gas imports to these countries at a single gas tariff and abolish border charges between them. The Balticconnector pipeline is laid between the countries across the Baltic Sea. Its throughput will be 7.2 million cubic meters of gas per day.

The cost of the Estonia-Finland gas pipeline, together with the reconstruction of the gas pipeline in Latvia, amounted to about 300 million euros, the European Union allocated funding for this purpose in the amount of more than 200 million euros.

Tags: Gazprom, gas, contracts, hydrocarbon production, tariffs, legislation, EU, Top management, gas imports, energy market, gas transit, GTS, RF, foreign affairs, Baltic Pipe, Gas market

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