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Finnish PM Juha Sipilä in St. Petersburg mostly discussed energy issues

Finnish Prime Minister Juha Sipilä made an official visit to St. Petersburg.

Finnish PM Juha Sipilä in St. Petersburg mostly discussed energy issues


Finnish Prime Minister Juha Sipilä made an official visit to St. Petersburg on September 21, 2017, to meet with his Russian counterpart Dmitry Medvedev. At the start of a joint press conference the Medvedev extended his congratulations for 100 years of Finnish independence.

The pair discussed the new Nord Stream 2 gas pipeline project, which would supply Russian gas to the EU market through the Baltic Sea towards Germany.

Russian reporters wanted to know Finland's position on the project, which has raised controversy across Europe.

Sipilä said that Finland's primary concern about Nord Stream 2 is environmental, then Dmitry Medvedev noted that the project is a commercial endeavour which, he said, follows the law.

«I think that Finland has the right pragmatic attitude in this matter,» Medvedev said. «Unfortunately, you cannot say the same thing about the EU.»

Medvedev and Sipilä also discussed Fennovoima's ongoing Russian-Finnish nuclear power project in Hanhijoki, Finland.

«It is important that the project is built on schedule, but it most important is that all safety measures are followed to a T,» Sipilä said.

The pair said they also spoke about the Finnish energy firm Fortum's investment in Russia, particularly the company's investments in wind power.

Fortum recently announced that it plans to buy some 47 % of the German Uniper, and if those plans go through it will be one of the biggest transactions in Finnish history.

Uniper's stock is valued at about 8 billion euros, with a turnover of some 67 billion euros.

Because Uniper operates some 5 gas plants in Russia, the deal would also affect the Russian energy market, and would make Fortum one of the biggest players in the industry, with control of around 8% of the market.

Source : Neftegaz.RU


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