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Finland Aims to Enforce Russia LNG Ban in Spring 2025

LNG
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Finland hopes to enforce a ban on Russian LNG in spring 2025 after proposing the legislation this winter, according to ICIS citing Finland’s government.

  • Finland would be first to use an EU option to unilaterally ban Russian gas and LNG.
  • “The legislative proposal on banning Russian gas is due winter 2024-2025 …most likely early 2025,” said Riku Huttunen, Director General of the Energy Department at the Ministry of Economic Affairs and Employment. “After that the ban might be in force in spring 2025.”
  • Finland’s Inkoo LNG import terminal already effectively bans Russian LNG due to the terminal’s rules of operation, but Russian LNG is still imported under long-term agreements at the small Pori and Tornio terminals which are not connected to Finland’s gas grid.
  • “The LNG market is quite liquid at the moment, so I expect no difficulties in replacing the small amounts of Russian LNG still used in Finland,” said Huttunen.
  • “Currently, the most important suppliers to the Finnish-Baltic gas market are Norway and the US.”
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Finland hopes to enforce a ban on Russian LNG in spring 2025 after proposing the legislation this winter, according to ICIS citing Finland’s government.

  • Finland would be first to use an EU option to unilaterally ban Russian gas and LNG.
  • “The legislative proposal on banning Russian gas is due winter 2024-2025 …most likely early 2025,” said Riku Huttunen, Director General of the Energy Department at the Ministry of Economic Affairs and Employment. “After that the ban might be in force in spring 2025.”
  • Finland’s Inkoo LNG import terminal already effectively bans Russian LNG due to the terminal’s rules of operation, but Russian LNG is still imported under long-term agreements at the small Pori and Tornio terminals which are not connected to Finland’s gas grid.
  • “The LNG market is quite liquid at the moment, so I expect no difficulties in replacing the small amounts of Russian LNG still used in Finland,” said Huttunen.
  • “Currently, the most important suppliers to the Finnish-Baltic gas market are Norway and the US.”