Construction of the Finnish-Estonian gas pipeline “The Baltic Connector” began in the Finnish city of Inkoo, Yle reports. The Connector is the first gas pipeline in Finland. It will run along the bottom of the Sea and work to reduce dependency on Russian gas supplies.
The pipeline’s construction is set to be completed in 2020. However, during that time, the Finnish market will be open to competition.
Construction of the pipeline costs 250 million euro. The European Union will allocate 75% of the total cost of the project.
The Baltic Connector will consist of three sections: 22 km along the Finnish coast, 80 km along the bottom of the sea, and 50 km along the Estonian coast.
It was previously reported that the European Union will invest 187.5 million euro into The Baltic Connector’s construction to create a gas pipeline shared by Estonia and Finland.