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Country Report Estonia Product Image

Country Report Estonia

  • Published: August 2014
  • Region: Estonia
  • 67 Pages
  • The Economist Intelligence Unit

On August 19th two energy firms, Estonia's Alexela Energia and Finland's Gasum Oy, resubmitted their application to the European Commission to receive funding for the construction of a joint liquefied natural gas (LNG) terminal.

Russia's annexation of Crimea and its continued support for armed separatists in eastern Ukraine have prompted Estonia to accelerate its drive towards energy independence. The previous application, submitted in June, had requested support for the construction of two LNG terminals, one each in Estonia and Finland. The plan was rejected as unsuitable by the European Commission, which insists that only one terminal is feasible. However, the two companies appear to have failed to agree on a location for the single terminal, and the new application refers only to an LNG terminal in the Gulf of Finland.

At the same time, the companies submitted an application for a research grant to investigate the best route for the construction of the Balticconnector gas pipeline, which will eventually link the Finnish and Estonian gas-transmission networks. This part of the energy security project, at least, is strongly supported by the Commission, which is expected to give a written response in September.

Country Report Estonia

LNG plan re-submitted
Impact on the forecast

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