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Finland, Estonia and Latvia sign deal for single gas tariff zone - Report

Gasoil News - Published on Mon, 18 Feb 2019

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Reuters reported that gas transmission operators of Finland, Latvia and Estonia signed an agreement to set up a single gas transmission tariff zone for the three countries from the start of 2020. The agreement unifies entry point tariffs on the external borders of the region and removes commercial interconnection points between countries.

The three operators - Finland's Gasum, Estonia's Elering and Latvia's AS Conexus Baltic Grid - said in a statement that "It will be used for transportation of the gas across Finland, Estonia and Latvia without additional charges."

The companies said that the deal is expected to lead to higher market liquidity by making it easier for shippers and traders to sell gas to the whole region.

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Posted By : Rabi Wangkhem on Mon, 18 Feb 2019
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