Finland and Baltic states postpone gas pipeline maintenance to secure supply

A model of the natural gas pipeline is seen in front of the colors of the Finnish and Russian flags displayed in this illustration taken April 26, 2022. REUTERS/Dado Ruvic

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OSLO, June 2 (Reuters) – Finland and the Baltic states are postponing summer maintenance on a major gas pipeline to help secure supplies following Russia’s decision to halt deliveries to Finland.

The decision to postpone maintenance of the Balticconnector gas pipeline was taken by the gas transmission system operators of Finland and two of the three Baltic states, Estonia and Latvia, Gasgrid said in a statement on Thursday.

The pipeline, linking Finland to Estonia, has become a key energy source for Finnish companies after Russia’s decision last month to cut off supplies to the Nordic country, amid a dispute with the West on energy and the war in Ukraine. Read more

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“Summer capacity on Balticconnector has been restored to normal levels,” Estonian Elering said, adding that the decision to postpone Balticconnector maintenance was “due to a disruption via the Imatra point.”

Imatra was, until May 21, the entry point for Russian gas in Finland.

Summer work will be suspended until Finland and Estonia are supplied via the floating storage and regasification vessel (FSRU) Excelerate Energy that the two countries have jointly chartered, the network companies said. Read more

They didn’t give a date for when that might be.

The companies also said they have prepared an action plan for interruptions at the Estonian and Latvian entry points of Russian gas at Värska and Luhamaa, respectively, which can still be used commercially by market participants.

A shutdown at Luhamaa would reduce flows on the Balticconnector to 40.56 gigawatt hours (GWh) per day from 65.4 GWh/day, they said.

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Reporting by Terje Solsvik and Nora Buli Editing Mark Potter

Our standards: The Thomson Reuters Trust Principles.

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