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Project Insights

Baltic Sea markets move towards integration

The Balticconnector ends Finland’s isolation from EU markets but will do little to ease the region’s dependence on Russian gas until the Poland-Lithuanian interconnector comes online The Balticconnector ends Finland’s isolation from EU markets but will do little to ease the region’s dependence on Russian gas until the Poland-Lithuanian interconnector comes online.
By Anna Gumbau 4 days ago Europe & Russia / Pipelines, Storage & Power 0 34939
The FSRU Independence arriving in Lithuania. (Robertas Dačkus)

The key issue: The new 2.6 bcm/y, EU-backed Balticconnector between Estonia and Finland was launched on 1 January, marking an important step in the region’s diversification process..

The launch of the EU-backed Balticconnector pipeline on 1 January signalled the start of the integration of the Baltic gas market. However, the project will do little to end Gazprom’s dominance in the region before the bidirectional Gas Interconnection Poland-Lithuania (GIPL) comes online at the end of 2021.

So far, estimates suggest that around 24 million cubic metres (MMcm)...