Thursday, November 20, 2014

Gas terminals will reduce Russia Dependence – New Technology

       

Taavi Rõivas, Prime Minister of Estonia, and Alexander Stubb, Finland’s Prime Minister agrees that by 2019 construction of two natural gas terminals, one in each country. Storage The stations will be linked by a pipeline.

The project is called Balticonnector and aims to reduce dependence on Russia, which today is the largest supplier of natural gas in both countries.

According to the Estonian news service ERR News, it is likely that the EU will support the project financially.

The largest gas terminal will be built in Finland, while a smaller storage unit will be built in Estonia. Allegedly, they should also be able to be linked to underground gas terminals in Latvia.

The investment in liquefied natural gas, LNG, is expected to cost around 500 million euros, or about 4.5 billion.

Critical voices have been raised in Estonia to Finland gets its gas from Russia, and that Russian dependence thus remains. But Prime Minister Taavi Rõivas do not agree with, he called the agreement a triumph.

– The management reduces the Estonian and Baltic dependence on Russian gas, the gas can not be shut down for political reasons. There is progress, says Roivas.

LNG stands for “Liquefied Natural Gas” is gas that has been cooled down and converted into liquid shape to allow for the transport or storage

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