Finland, Estonia, and Latvia agree to establish regional gas market Saturday, February 16, 2019 9:00:06 AM

The Estonian state-owned company Elering AS, which operates electrical and gas networks, stated that an agreement was signed with the energy companies of Finland and Latvia to the establishment of a Finnish-Estonian-Latvian gas market beginning 2020, Interfax-Ukraine reports.

It is noted that this agreement allows for a single gas tariff for gas transit between these countries and eliminates cross-border charges which means that next year gas will flow between Finland, Estonia, and Latvia at no additional cost.

The energy company Elering manages about 5.5 thousand km of electricity transmission networks and 150 substations, as well as 900 km of gas pipelines, three gas measuring stations, and approximately 40 gas distribution stations.

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