University of Helsinki
Professor Veli-Pekka Tynkkynen provided comments for the new newspaper article “Suomen kaasumarkkina avautuu ja kaasu alkaa virrata Viron ja Suomen välillä – Vaikutus: hinta laskee, huoltovarmuus paranee, riippuvuus Venäjästä vähenee” (“Finnish gas market opens and gas starts to flow between Estonia and Finland – Impact: price falls, security of supply improves, dependence on Russia decreases”).
So far, Finland has been almost completely dependent on Russian natural gas, says Veli-Pekka Tynkkynen, Assistant Professor of Russian Environmental Policy at the Aleksanteri Institute.
– The gas pipeline from Estonia will allow competitive tendering, which is likely to affect Russian gas pricing as well. The market price is expected to fall by at least a few percent, but the impact may be greater, Tynkkynen estimates.