Baltic Times: Estonia and Finland agree on construction of two LNG terminals

Estonian Prime Minister Taavi Roivas and Finnish Prime Minister Alexander Stubb reached an agreement on Monday to build two liquefied natural gas (LNG) terminals, connected by a pipeline, in both countries by 2019.

The project is called ‘’Baltic-connector’’, and if it succeeds, it would increase the energy diversification of the two nations in light of Russia’s unpredictable behavior. Russia is currently the main gas provider for both countries. The project is likely to get financial support from the European Union, Estonian Public Broadcasting reports.

The plans include the construction of a large-scale LNG terminal in Finland, which would then provide liquefied natural gas to users throughout the region at competitive prices. The ‘’Balticconnector’’ pipeline would link gas markets in Finland and Estonia. A small-scale LNG terminal would be built in Estonia for distribution of gas and security of supply. According to the plan, the development of gas infrastructure in the Baltic region would enable Finland and the Baltic states to access the underground gas storage in Latvia, as well.
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