Energy, Estonia, EU – Baltic States, Gas, Legislation

The problem still is that both Finland and Estonia want the new regional terminal, that the EU would be willing to finance, to be located in their territory. The compromises proposed so far have not brought a breakthrough.

Finnish Gasum claims that the problem is that the size of the investment support has decreased significantly as compared to the previous promises.

"Unfortunately, we did not find a suitable for all parties and cost-effective cooperation model. All submitted proposals would have required considerable EU support, which was not available," said chief executive of Gasum Johanna Lamminen.

Finnish Ministry of Economy and Labour official Esa Härmälä said that the terminal will be postponed. No new meeting time was agreed upon.