Baltic Energy Market Interconnection Plan GRIP 2017

The forecast of gas transmission system related gas consumption is presented in the Table 3.2 below.

FORECASTS FOR NATIONAL DEMAND, FINLAND

2017 2018 2019 2020 2021 2022 2023 2024 2025

PEAK DEMAND

LOW SCENARIO

12.4 12.2 10.6 10.3 10.3 10.1 10.1 10.1 9.8

mcm/day

HIGH SCENARIO

15.1 15.1 15.1 15.1 15.1 15.1 15.1 15.1 15.1

LOW SCENARIO

137.9 135.5 117.9 114.8 114.8 111.9 111.9 111.9 108.4

GWh/day

HIGH SCENARIO

167.5 167.5 167.5 167.5 167.5 167.5 167.5 167.5 167.5

YEARLY DEMAND

LOW SCENARIO

2.3

2.3

2.0

1.9

1.9

1.9

1.9

1.9

1.8

bcm/year

HIGH SCENARIO

2.9

2.9

2.7

2.6

2.6

2.6

2.6

2.6

2.6

LOW SCENARIO

26.0 25.6 22.2 21.6 21.6 21.1 21.1 21.1 20.4

TWh/year

HIGH SCENARIO

32.0 32.0 29.8 29.3 29.3 29.3 29.3 29.3 29.3

Gross calorific value: 11.08 kWh/cm³

Table 3.2: Forecasts for National demand, Finland

Gasum’s subsidiary Gas Exchange Ltd maintains an online marketplace “Kaas- upörssi” for natural gas short-term market and secondary market trading. Trading takes place in the Gas Exchange online service, which is open around the clock eve- ry day of the year. The number of transactions during the year 2015 was 80,000, which corresponds to an average of 217 executed transactions a day. In 2015, 3.8% of whole gas consumption in Finland was sold through the Gas Exchange.

3.3.5 LEGAL FRAMEWORK DEVELOPMENT

The current Natural Gas Market Act that entered into force in 2000 and was updated in 2013 has implemented Directive 2009/73/EY of the European Parliament and of the Council of 13 July 2009 concerning common rules for the internal market in natural gas. The Directive allows Finland to deviate from the regulations concerning the deregulation of the natural gas market as long as the country has only one principal supplier of natural gas, because Finland has not been connected to the natural gas network of any other EU Member State. Due to this, the Finnish natural gas market has not been deregulated in the literal sense of the word. Only the so-called secondary market in natural gas has been deregulated, and the deregulation concerns only parties that meet certain require- ments. Users or retailers of natural gas, who purchase over 5mcm of natural gas per year, whose metering is based on remote reading and whose pricing has been agreed upon after the Natural Gas Market Act entered into force can participate in the operation of the secondary market in the Gas Exchange. Kaasupörssi operates the secondary market trading platform. A proposal of the new Natural Gas Market Act has been prepared by the ministry of employment and the economy during 2014–2016 and it is expected that the new Act will be issued for approval to the Parliament of Finland in spring 2017. The new Natural Gas Market Act would enter into force probably in 2018. The proposed Act

BEMIP Gas Regional Investment Plan 2017 |

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