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Tendering processes for Balticconnector to start soon (Exclusive)

Oil&Gas Materials 3 May 2017 20:12 (UTC +04:00)

Baku, Azerbaijan, May 3

By Leman Zeynalova – Trend:

The first public procurement tendering processes for Balticconnector gas pipeline, connecting Finland and Estonia, will start soon, president and CEO of Baltic Connector Oy, Herkko Plit told Trend.

Baltic Connector Oy was established to build the Finnish part of the pipeline.

“We are finalizing the detailed design currently and starting with the first public procurement tendering processes. Also licensing should be finished this year. Actual construction activities will start in 2018 and the gas pipeline should be ready by the end of 2019,” said Plit.

Plit added that there is a larger general support, i.e. in all Baltic countries, for the project, but no financial contribution outside Finland and Estonia.

The Balticconnector pipeline will consist of three sections: 22 km Finnish onshore, 80 km offshore and 50 km Estonian onshore. It enables the transport of 7.2 million cubic meters of gas per day with flows running in both directions.

Earlier, European Commission President Jean-Claude Juncker, Prime Minister of Estonia Taavi Roivas and Prime Minister of Finland Juha Sipila witnessed the signing of a 187 million euros investment in the Balticconnector on Oct. 21, 2016.

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Follow the author on Twitter: @Lyaman_Zeyn

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