Estonia began the construction of a gas pipeline to Finland

© RIA Novosti / Stringreplace in potamanthidae enterprise. Archival photoEstonia began the construction of a gas pipeline to Finland© RIA Novosti / Stringreplace the image Bank

The construction of the pipeline Balticconnector between Estonia and Finland began on the Pakri Peninsula, said on Friday the press-service of the Ministry of economy and infrastructure.

By combining the natural gas infrastructure in Estonia and Finland, countries will be able to join in a common gas market, which will also include Latvia. The main advantage is considered a more stable price for gas, said the Ministry.

«A single gas market will give us the confidence that in the future a situation will arise when a supplier sells gas to some countries at a lower price, and the other as, unfortunately, before it was with Estonia and other Baltic countries, is much too high,» — said the Minister of economy and infrastructure, Kadri Simson.

In the longer term to a common gas market of Estonia, Latvia and Finland could join Lithuania and Poland.

Balticconnector is the first gas pipeline between Estonia and Finland, which will connect the gas networks of the two countries. The length of the pipeline will be 150 km, including 80 km will be on the bottom of the sea, 22 kilometres overland to Finland and 47 kilometers by land in Estonia. In addition, of compressor stations on both sides of the Gulf of Finland. The project is scheduled for completion by 2020.

The pipeline will allow transfer between distribution networks of Estonia and Finland to 7.2 million cubic meters of gas per day. It is expected that the project will improve the reliability and security of energy supply throughout the region. The project cost nearly 300 million euros, of which the EU has allocated 206 million.