Russia halted gas exports to neighbouring Finland yesterday, a highly symbolic move that came just days after the Nordic country announced it wanted to join Nato and marked a likely end to Finland’s nearly 50 years of importing natural gas from Russia.
The measure taken by Russian energy giant Gazprom was in line with an earlier announcement following Helsinki’s refusal to pay for the gas in roubles — as Russian president Vladimir Putin has demanded European countries do since Russia invaded Ukraine on February 24.
The Finnish state-owned gas company Gasum said “natural gas supplies to Finland under Gasum’s supply contract have been cut off” at 7am local time yesterday.
The announcement follows Moscow’s decision to cut off electricity exports to Finland earlier this month and an earlier decision by the Finnish state-controlled oil company Neste to replace imports of Russian crude oil with crude oil from elsewhere.
After decades of energy co-operation that was seen as beneficial for both Helsinki — particularly in the case of inexpensive Russian crude oil — and Moscow, Finland’s energy ties with Russia are now all but gone.
Such a break was easier for Finland than it will be for other EU nations. Natural gas accounts for just 5pc of total energy consumption in Finland, a country of 5.5 million.
Almost all of that gas comes from Russia, and is used mainly by industry, with only an estimated 4,000 households relying on gas heating.
Gasum said it would now supply natural gas to its customers via the undersea Balticconnector gas pipeline between Finland and Estonia.