Finland

Natural gas from Russia has been supplied to Finland for over 40 years. The first contract was signed in 1971, for supplying up to 1.4 bcma. Gas actually started arriving in Finland in 1974. 

As of December 31, 2018, Finland has taken delivery of about 128 bcm, including 2.62 bcm in 2018.

For 25 years, Russia’s partner has been Finland’s Neste company (renamed Fortum after merging with Imatran Voima in 1998). For many years the companies have developed the Finnish natural gas market together. In 1994, this collaboration resulted into the founding of the joint-stock company Gasum, committed to importing and selling natural gas as well as operating and developing Finland’s gas transmission system. 

In December 2015, Gazprom Export and Gasum extended the contract for gas supply to Finland up to December 31, 2031.