“Gazprom” has ceased to be a monopolist in gas supplies to Finland

"Газпром" перестал быть монополистом в поставках газа в Финляндию

January 1, Finland began to receive gas from Latvia at the Finnish-Estonian gas pipeline Balticconnector. About it January 2, informed the national carrier of Estonia is Elering AS.

“Gas to Finland comes from the Incukalns storage in Latvia, after which gazoraspredelitel put him in his Finnish customers….Since the beginning of the new year, the gas goes to the Estonian-Latvian-Finnish General gas market without financial cost to market participants”, – stated in the message.

“Deutsche Welle” notes that to start the Balticconnector monopoly supplier of gas to Finland was a unit of the Russian “Gazprom” – “Gazprom export”. In December 2015, “Gazprom export” and Finnish company “Gasum” extended the contract for the supply of gas to Finland until December 31, 2031.

The Balticconnector pipeline between Finnish town Inkoo and Paldiski Estonia started to build in autumn 2018 and completed in December 2019. Its length is 150 km, of which 77 km – at the bottom of the Gulf of Finland. Bandwidth Balticconnector – 7.2 million m3 per day. The cost of the project is €250 million.