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EU invests EUR 187m for Finland- Estonia gas pipeline

The EU's financial support to the Balticconnector comes from the Connecting Europe Facility program and corresponds to 75% of the needed funding. The pipeline will be constructed jointly by Baltic Connector Oy (Finland) and Elering AS (Estonia) and it will include Finnish onshore (22 km) and offshore (80 km) sections, as well as an Estonian onshore (50 km) one. The Balticconnector, set to end the gas isolation of Finland and develop the Baltic regional gas market, contributes to solidarity and security of supply in the entire Baltic region, the European Commission said in a statement. The pipeline is expected to be operational by December 2019. (Finland Times)

 

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