Balticconnector gets Go-Ahead - improving energy security or waste of subsidies?
The European Commission announced on Friday 21 October that a first bi-directional gas pipeline will be built between Finland and Estonia. According to the EU, the offshore gas-pipeline between the two states will end `gas isolation` of Finland by connecting it to the continental European network and increasing the security of gas supply and solidarity in the region, see: http://europa.eu/rapid/press-release_MEMO-16-3476_en.htm Although the pipeline will be build by the Estonian TSO Elering http://gaas.elering.ee/en/balticconnector/ , the EU is footing 75 per cent of the bill, because the project would not be commercially viable without massive EU support. The money is coming from the EU`s `Connecting Europe Facility Energy (CEF-Energy), http://ec.europa.eu/inea/en/connecting-europe-facility/cef-energy . According to the EU, Finland is going to profit the most, as its current `gas isolation` from the European market would be tackled and its energy security improved: http:/