The new import terminal will have a storage capacity of fifty thousand cubic meters and will cost approximately 100 million euros, according to terminal owner Manga LNG, a company jointly owned by Outokumpu Oyj, SSAB Europe Oy, Skangass Oy and EPV Energia Oy.
The terminal will be delivered by Wärtsilä with a turn-key EPC contract.
The Finnish Ministry of Employment and the Economy is supporting this construction project with an investment of 33.2 million euros. The terminal is expected to be completed in 2018.
“We are extremely satisfied with the investment decision. When completed, the Tornio LNG terminal will provide LNG regionally to meet the needs of industry and maritime traffic in northern Finland and northern Sweden,” commented Tommy Mattila, Director, Marketing and Sales at Skangass.
Skangass is actively developing the LNG infrastructure for the Nordic countries including Sweden’s LNG terminal at Lysekil which opened in October 2014 as well as an LNG terminal under construction at Tahkoluoto in Pori which will be completed in 2016.