Finland’s gas flows from Russia to be shut off from Saturday, energy provider says

A view shows valves near a drilling rig at a gas processing facility, operated by Gazprom company, at Bovanenkovo gas field on the Arctic Yamal peninsula, Russia May 21, 2019.

Maxim Shemetov | Reuters

Gasum, Finland’s state-owned gas wholesaler, said in a statement that natural gas imports from Russia will be halted on Saturday.

“Starting from tomorrow, during the upcoming summer season, Gasum will supply natural gas to its customers from other sources through the Balticconnector pipeline. Gasum’s gas filling stations in the gas network area will continue in normal operation,” Gasum’s CEO Mika Wiljanen said in a statement.

“It is highly regrettable that natural gas supplies under our supply contract will now be halted. However, we have been carefully preparing for this situation and provided that there will be no disruptions in the gas transmission network, we will be able to supply all our customers with gas in the coming months.”

It gave no reason for the move but it comes just two days after Finland formally applied to join NATO. Russia had warned of retaliation if the traditionally-neutral nation decided to sign up to the Western military alliance.

A spokesperson for Gazprom was not immediately available when contacted by CNBC.

—This is a breaking news story, please check back later for more

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