The Finnish Port of Hamina is set to begin construction on a new LNG terminal after the US$ 117 million (€100 million) project was given building permission.
As part of the first stage, the port will construct a 30,000m3 LNG storage tank and prepare the site for a second 20,000m3 storage tank.
Earthwork preparations are complete, and the construction work has already commenced.
Hamina Energy and Estonian energy company Alexela are the main shareholders of the project.
The teams working on the LNG terminal have set its operation for 2020.
Technology group Wärtsilä will supply the engineering, procurement, and construction of the terminal, joining the project through a minority investment by WDFS (Wärtsilä Development and Financial Services) in Hamina LNG Oy.
The global demand for LNG is rapidly growing.
Markku Tommiska, CEO, Hamina Energy, said: “The new Hamina LNG terminal will be an important addition to the gas infrastructure as it will not only supply businesses and the shipping sector, but will also feed into Hamina Energy’s distribution gas grid and can be connected to Finland’s gas grid.
“We appreciate Wärtsilä’s extensive capabilities in LNG engineering, which have enabled us to move the project along on schedule.”
Alexandre Eykerman, Vice President, LNG Solutions, Wärtsilä Energy Solutions, said: “Wärtsilä has clearly taken a leading role in end-to-end LNG systems that facilitate environmental and economic sustainability.
“The Hamina project is the third LNG terminal in Finland that Wärtsilä has been contracted to build, the others being the Manga Tornio terminal and the Raahe terminal. This demonstrates the strengths the company has in project development and management.”