Tsvetana Paraskova of OilPrice.com
Finland should be prepared for possible power outages this winter in case of shortfalls in electricity supply, the Finnish grid operator said on Tuesday, in yet another warning of an energy crunch in Europe after gas supply from Russia was severely reduced.
In Finland's case, Gazprom stopped in May all gas deliveries to Russia's neighbor to the West, making Finland the third EU member state with Russian pipeline supply cut off after Poland and Bulgaria. The halt of Russian supply to Finland took place days after Finland—together with its Scandinavian neighbor Sweden—formally applied to join NATO in the wake of the Russian invasion of Ukraine. Russia has warned both countries against applying to become NATO members.