Balticconnector and LNG Terminals Need Fast Deal, Estonian PM Says

The Balticconnector gas pipeline and the LNG terminals require a fast agreement and the long-delayed process has to be completed, Estonian Prime Minister Taavi Rõivas said during a meeting with his Finnish colleague Jyrki Katainen on Tuesday.

Estonian Prime Minister said that reduction of energy dependency is a priority of the government and “cooperation with the two countries has a great opportunity to change the way our gas markets operate.”

The Finnish and Estonian governments signed two documents in February, based on which the feasibility study on the establishment of an LNG terminal in the Gulf of Finland along with a pipeline connecting Finland and Estonia will be continued. Both initiatives require significant funding from the EU.

The prime ministers said that they hope the European Commission can make decisions for the financing of the LNG terminal and the Balticconnector gas pipeline in June.

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LNG World News Staff, April 16, 2014; Image: valitsus.ee