Finland to gain independence from Russian gas

Mar 04, 2014 12:00 AM

The Nordic country is preparing for the building of a LNG terminal, which will make it independent of Russian gas.

In a deal signed by both Finnish and Estonian authorities, the countries agree to take further steps towards the building of two LNG terminals on either side of the Gulf of Finland. A pipeline is to connect the two plants, Yle reports.

The agreement prepares the way for a feasibility study on the project, Gasum informs in a press release.

If built, the plants will make both countries fully independent of gas imports from Russia.

Currently, gas accounts for about 10 percent the Finnish Total Primary Energy Supply (TPES) and Russia is the country’s only import source.

All gas imports are managed by Gasum, the company which now is leading the way in the LNG project.

The Finnish-Estonian agreement comes only one week after Gasum acquired a 51 percent share of the LNG distribution business of the Norwegian company Skangass.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« April 2019 »
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30

Register to announce Your Event

View All Events