In a deal signed Friday 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.
There is currently no military threats against Finland, but changes are possible, head of the country’s Armed Forces, General Jarmo Lindberg says. At the same time, the Finnish Parliament promises an increase in military spending.
”We are building not only a railway line, we are building our road to the future, our Arctic pathway”, regional Governor Marina Kovtun said at a launch ceremony of the long-awaited and much-disputed Murmansk Transport Hub.
Salve Dahle with Akvaplan-Niva in Norway hopes the verbal conflict and boycott in trade between east and west will have little consequences on high north research cooperation. Arctic Frontiers conferance signs with Russian Geographical Society.
As tensions in East-West relations mount, more than 150 representatives of NGOs, regional authorities and institutions meet in Tromsø, northern Norway, to discuss enhanced Norwegian-Russian cooperation in the Barents Region.