6 ms·

Definitely. Extra production will tip the scale of imports and exports so that the price in Finland will match most of the time whatever the price is in norther

Definitely. Extra production will tip the scale of imports and exports so that the price in Finland will match most of the time whatever the price is in northern Sweden with its abundance of hydropower. OL3 will also probably lower prices in Estonia and Southern Sweden.

Maakuth 5y ago
When it starts producing, that is. According to the commissioning schedule it will be the middle of February until the production reaches meaningful levels: https://www.tvo.fi/en/index/production/plantunits/ol3/ol3forecast.html https://www.tvo.fi/en/index/production/plantunits/ol3/ol3for...
bullen 5y ago
The Fenno–Skan 1&2 cables between Olkiluoto and Forsmark in Sweden nuclear plants have a capacity of 1350MW. Finally after decades of sending the Finns our energy it's time for the Finns to fold up their sleeves. Not strange the Swedish prime minister always visits Helsinki first after being elected. It's going to be interesting to see how the relations with the US changes as the US hegemony dissipates. I think Russia is going to be the main trading partner of Scandinavian countries before the decade is over.
- Zanfa 5y ago
  No way Russia is going to be a major trading partner for Scandinavia as long as Putin (or similar) is in power. They keep pulling political stunts with their exports, making them too unreliable for most businesses. It’s not a coincidence that Russia is only around the 15th largest trading partner for Sweden.
  - bullen 5y ago
    It's all about energy. You cannot print energy. Nobody cares about who is in office when they are freezing or starving. And the US is too far away to even be able to trade with Europe with sail ships.
    - Zanfa 5y ago
      Not sure how this applies, especially to Scandinavia. Sweden has lots of hydro, Norway has hydro, gas & oil. Russia also needs European money, since most of their budget is energy export, that’s why even at the peak of cold war they kept selling gas to Western Europe. Sure, they can use gas to bully smaller countries and manipulate the gas market, but at the end of the day, they’ll keep the pipelines flowing. This is not new either, Russia’s used gas to threaten/pressure their neighbouring countries for 2 decades now. Yet almost all of them have consistently reduced imports/exports with Russia.
      - bullen 5y ago
        Hydro cannot power current food transports from Spain or tractors for making food in Sweden. That infrastructure will never be possible at scale because battery energy density is too low. Trains will eventually become the primary transport but they can't replace trucks the last mile. Norwegian oil and gas discovery has peaked, exctraction EROEI is going down VERY fast and that is accelerating. Only Russia has any conventional coal, oil and gas left in the proximity. Reduced? I guess that's why they built Nordstream 2? Why do you think Germany has not started using Nordstream 2 yet?
        Zanfa 5y ago
        There's plenty of coal to go around, Estonia & Poland are two examples of nearby countries relying primarily on local coal for energy. Also, Germany is not Russia's neighbour.
        rich_sasha 5y ago
        These days, ironically, Poland mainly burns Russian coal (EDIT erroneusly wrote "gas" initially). After years of indecision as to what to do with Polish coal plants, they got too expensive and underinvested to produce the required quantities of coal. The rest is imported from the East. So the whole "ah but we need coal for energy independence" is mostly a song and dance nowadays.
      - 5y ago
  - zokier 5y ago
    > It’s not a coincidence that Russia is only around the 15th largest trading partner for Sweden. Russia is also 3rd largest trading partner for Finland, sitting above both China and US.
    - Zanfa 5y ago
      For imports, at just under 10%. For exports, Russia shares the 5th place with China at roughly 5%, behind US and Netherlands. This is still extremely low given the fact that it's the by far the largest neighbour in terms of economy and accessibility by cheap transportation. For comparison, Estonia is 3.5% import and 3% export, but has about 1/50th the size of Russia's GDP and shares no land border.

Maakuth 5y ago

When it starts producing, that is. According to the commissioning schedule it will be the middle of February until the production reaches meaningful levels: https://www.tvo.fi/en/index/production/plantunits/ol3/ol3forecast.html https://www.tvo.fi/en/index/production/plantunits/ol3/ol3for...

bullen 5y ago

The Fenno–Skan 1&2 cables between Olkiluoto and Forsmark in Sweden nuclear plants have a capacity of 1350MW. Finally after decades of sending the Finns our energy it's time for the Finns to fold up their sleeves. Not strange the Swedish prime minister always visits Helsinki first after being elected. It's going to be interesting to see how the relations with the US changes as the US hegemony dissipates. I think Russia is going to be the main trading partner of Scandinavian countries before the decade is over.

Zanfa 5y ago
No way Russia is going to be a major trading partner for Scandinavia as long as Putin (or similar) is in power. They keep pulling political stunts with their exports, making them too unreliable for most businesses. It’s not a coincidence that Russia is only around the 15th largest trading partner for Sweden.
- bullen 5y ago
  It's all about energy. You cannot print energy. Nobody cares about who is in office when they are freezing or starving. And the US is too far away to even be able to trade with Europe with sail ships.
  - Zanfa 5y ago
    Not sure how this applies, especially to Scandinavia. Sweden has lots of hydro, Norway has hydro, gas & oil. Russia also needs European money, since most of their budget is energy export, that’s why even at the peak of cold war they kept selling gas to Western Europe. Sure, they can use gas to bully smaller countries and manipulate the gas market, but at the end of the day, they’ll keep the pipelines flowing. This is not new either, Russia’s used gas to threaten/pressure their neighbouring countries for 2 decades now. Yet almost all of them have consistently reduced imports/exports with Russia.
    - bullen 5y ago
      Hydro cannot power current food transports from Spain or tractors for making food in Sweden. That infrastructure will never be possible at scale because battery energy density is too low. Trains will eventually become the primary transport but they can't replace trucks the last mile. Norwegian oil and gas discovery has peaked, exctraction EROEI is going down VERY fast and that is accelerating. Only Russia has any conventional coal, oil and gas left in the proximity. Reduced? I guess that's why they built Nordstream 2? Why do you think Germany has not started using Nordstream 2 yet?
      - Zanfa 5y ago
        There's plenty of coal to go around, Estonia & Poland are two examples of nearby countries relying primarily on local coal for energy. Also, Germany is not Russia's neighbour.
        rich_sasha 5y ago
        These days, ironically, Poland mainly burns Russian coal (EDIT erroneusly wrote "gas" initially). After years of indecision as to what to do with Polish coal plants, they got too expensive and underinvested to produce the required quantities of coal. The rest is imported from the East. So the whole "ah but we need coal for energy independence" is mostly a song and dance nowadays.
    - 5y ago
- zokier 5y ago
  > It’s not a coincidence that Russia is only around the 15th largest trading partner for Sweden. Russia is also 3rd largest trading partner for Finland, sitting above both China and US.
  - Zanfa 5y ago
    For imports, at just under 10%. For exports, Russia shares the 5th place with China at roughly 5%, behind US and Netherlands. This is still extremely low given the fact that it's the by far the largest neighbour in terms of economy and accessibility by cheap transportation. For comparison, Estonia is 3.5% import and 3% export, but has about 1/50th the size of Russia's GDP and shares no land border.