A competitive gas market in Finland hasn’t been possible so far because the country is geographically reliant on Russia, whose OAO Gazprom has been the sole supplier of Finnish gas for almost four decades now.
Gasum Oy, operator of Finland’s natural-gas network, has said it’s considering building a terminal to import liquefied natural gas and cut dependence on Russian deliveries. A recent study by Helsinki-based PTT Research Institute also recommended the country invest in LNG to mitigate the impact of rising oil prices.
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