• $
  • €
  • ₽
  • ₺
  • £

Balticconnector to end Finland’s energy isolation: EC

Balticconnector to end Finland’s energy isolation: EC
21.10.2016 20:59
European Commission President Jean-Claude Juncker, Prime Minister of Estonia Taavi Roivas and Prime Minister of Finland Juha Sipila witnessed the signing of a 187 million euros investment in the Balticconnector – the first gas pipeline connecting Finland and Estonia on Oct. 21, said the European Commission on its website.

The Balticconnector pipeline will consist of three sections: 22 km Finnish onshore, 80 km offshore and 50 km Estonian onshore. It enables the transport of 7.2 million cubic meters of gas per day with flows running in both directions.

"This gas interconnector will end the energy isolation of Finland which is largely dependent on a single supplier,” said the EC. "When the gas starts flowing by 2020, this project will unite the Eastern Baltic Sea region with the rest of the EU energy market.”

Alongside the Gas Interconnector Poland–Lithuania (GIPL), the Balticconnector will contribute to increasing energy security and solidarity in the region.

"As part of the EU's Energy Union strategy, the EU is committed to building missing energy infrastructure links and ensuring that every member state has access to at least three different sources of gas,” said the message. "Integrating the Baltic Sea region with the rest of the EU is a priority for the European Commission.”

www.ann.az
Instagram
Go
Similar news
Similar news
Natural Gas Futures Tick Up on NYMEX for December Delivery
Business 12:30
Natural Gas Futures Tick Up on NYMEX for December Delivery
PASHA Bank discusses financial inclusion and the future of microfinance at the 12th AMFA Conference
Business 11:56
PASHA Bank discusses financial inclusion and the future of microfinance at the 12th AMFA Conference
Crypto Market Rebounds as Bitcoin Crosses $78,500 Threshold
Business 11:00
Crypto Market Rebounds as Bitcoin Crosses $78,500 Threshold
Global Oil Benchmarks Drop Over 3% as Brent Falls Below $110
Business 10:30
Global Oil Benchmarks Drop Over 3% as Brent Falls Below $110
Gold and Silver Advance on COMEX in Latest Trading Session
Business 10:00
Gold and Silver Advance on COMEX in Latest Trading Session
Central Bank of Azerbaijan Announces Exchange Rates: Euro Eases, Ruble Gains
Business 09:30
Central Bank of Azerbaijan Announces Exchange Rates: Euro Eases, Ruble Gains
SOCAR Commissions Its 100th Petrol Station in Romania
Business 18:03
SOCAR Commissions Its 100th Petrol Station in Romania
Central Bank Oversight to Cover Financial Groups
Business 14:30
Central Bank Oversight to Cover Financial Groups
PASHA Bank introduces POS Loan for entrepreneurs
Business 13:30
PASHA Bank introduces POS Loan for entrepreneurs
Anews TV

Our official Youtube channel

Subscribe