Estonian and Finnish ministers stressed the importance of Balticconnector

Friday, 14 August 2015

On Wednesday, the Estonian Minister of Economic Affairs and Infrastructure Kristen Michal and the Finnish Minister of Economic Affairs Olli Rehn held a phone conversation, and both ministers reaffirmed that they will continue executing actions agreed upon in the plan on uniting the gas market, as concluded between the prime ministers of the two countries in November, reported the Ministry of Economic Affairs and Communications.

The two ministers share the position that Balticconnector is an important facility for trading gas, and in addition to uniting the markets, it is also necessary from the point of view of enhancing energy security in the entire region.

“Balticconnector has two main objectives; there will be more competition on the market, and we will put an end to the situation where the Estonian and Finnish gas markets are isolated,” said Michal.

In according to the communique signed by the prime ministers of Estonia and Finland in November, the gas link Balticconnector between Estonia and Finland ought to be completed in 2019.

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