Finnish pipeline gas market opens up and Gasgrid Finland begins operations
The first day of 2020 will see the Finnish gas market open up to competition and the wholesale of gas and transmission network will be unbundled from each other. At the same time, the new gas transmission network company, Gasgrid Finland, which will be unbundled from energy company Gasum into a separate company, will begin operations.
From the beginning of 2020, the pipeline gas market in Finland will be open to competition. The reform has been driven by the new Natural Gas Market Act, which entered into force in 2018, and under which the transmission and sale of gas must be unbundled from each other. As a consequence of this, a new gas transmission network company, Gasgrid Finland Oy, will start operating also when the market opens up at the beginning of 2020.
- We have long been preparing for the new situation together. Opening up the gas market has required extensive cooperation between different stakeholders to create new market rules. The import and wholesale of natural gas will be possible for all actors within the gas grid area. We expect interest in the Finnish gas market also from international actors who have earlier operated in open markets in the Baltic states, for example. The importance of gas as a source of energy will continue to grow in the combat against climate change,” says Gasum CEO Johanna Lamminen.
Natural gas is a cost-effective way to reduce CO2 emissions as we move towards carbon-neutral future. The security of supply and reliability is very important in the gas market. Gasum has decades of experience of gas and of providing comprehensive energy solutions and energy market services. In line with its strategy, Gasum continues to take purposeful steps to invest in developing the Nordic gas infrastructure in response to growing demand in industry and in road and maritime transport.
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