Finnish-Estonian gas pipeline developers apply for EU funding ({{commentsTotal}})

Network operator Elering reported on Thursday that it had applied for funding from the EU’s Connecting Europe Facility (CEF) together with Finland’s Baltic Connector OY. Funding by the CEF is an important step towards the investors’ final decision to build the new pipeline.

Construction on the proposed new pipeline intended to connect the Finnish and Estonian gas grids was originally planned for the ongoing year.

The two state-owned operators submitted the application for funding on Wednesday, Elering stated in a press release.

According to Elering’s spokesman Ain Köster, the companies specified and updated their application for funding to reflect the latest legal and organizational developments in the gas industry. Also, further research on technical and economic matters had been done, and the Finnish side had increased its organizational and financial strength, Köster’s statement read.

Elering and Baltic Connector OY would like the CEF to cover 75% of the project’s total cost, which is quoted to be €250m. So far, the European Commission has released funding in the amount of €5.4m for research related to the construction of the new pipeline.

If all goes according to plan, the pipeline should be finished in 2019.

Editor: Editor: Dario Cavegn



Opinion
Easter Monday a public holiday? But you're forgetting productionEaster Monday a public holiday? But you're forgetting production
Estonia’s Easter Monday time loop: Discussing an additional day off

Every year, Estonia reliably asks itself the question whether or not Easter Monday should be made a public holiday. Opinions differ. While one side emphasizes the importance of family time, the other thinks an additional day off would threaten economic growth.

Minister of Social Protection Kaia Iva (IRL).Minister of Social Protection Kaia Iva (IRL).
Samost: Kaia Iva’s charisma could help IRL out of long-term low

In Sunday’s “Samost ja Rumm” radio debate show, editor-in-chief of ERR’s online news, Anvar Samost, and journalist and former politician Hannes Rumm discussed the potential and actual candidates for the chairmanship of the Pro Patria and Res Publica Union (IRL). At the time of the broadcast, Helir-Valdor Seeder had not yet made his intention to run public.