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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
NATURAL GAS
Maintenance on the Balticconnector pipeline has been postponed to help secure supplies following Russia’s decision to cut off Finnish supplies according to a Gasgrid statement out today. The pipeline, linking Finland with Estonia, has become a key source of energy for Finnish firms since Russia cut off Finnish gas flows May 21.
- The decision to postpone Balticconnector maintenance was due to disruption through Imatra point. Imatra was, until May 21, the entry point for Russian gas into Finland.
- The maintenance on the pipeline will be suspended until Finland and Estonia receive supplies via the FSRU vessel called Excelerate Energy the two countries have jointly chartered. There is no date on how long this will take.
- The countries are prepared for interruptions at the Estonian and Latvian entry points for Russian gas in Värska and Luhamaa. They are still currently active.
- A halt at Luhamaa would reduce flows on the Balticconnector to 40.56 gigawatt hours (GWh) per day from 65.4 GWh/day the statement says.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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