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Eesti Gaas to build above-ground part of Balticconnector for €43 million

EG Ehitus AS, a subsidiary of Estonian natural gas and electricity utility Eesti Gaas, will build the above-ground part of the Balticconnector gas pipeline's Estonian end for €43.4 million.

The 55-kilometer Kiili-Paldiski route has to be completed in a year and a half, and the construction is to cost €43.4 million, exclusive of VAT, ERR News reported on Monday.

“For us it is a large-scale and diverse project with great responsibility, but at the same it is a recognition that we can contribute to the biggest gas project in the near future,” Eesti Gaas CEO Ants Noot said. He added that the company has the best capacity and competence on the market to carry out the project and on time.

Balticconnector, which serves as a prerequisite for the creation of a common gas market of Finland and the Baltic countries, is due to be completed by 2020.

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