File Photo Lehtikuva.
The European Commission on Friday decided to grant 187 million euros for the construction of Baltic Connector gas pipeline between Finland and Estonia.
The European Commission grant will cover three quarters of 250 million euro project.
The grant will be paid to the Finnish state-owned Baltic Connector Oy as well the Estonian energy company Elering AS.
The natural gas pipeline will enable Finland's access to the EU common market.
The offshore gas pipeline is scheduled to be completed by 2019.
“Today is a historic day from the perspective of the Finnish energy market. The (EU) Commission has shown its support for the integration of the Finnish gas market into the European gas market,” said Economic Affairs Minister Olli Rehn in a statement.
