New receiving terminal to be built in Tornio, Finland as a contract is signed between Wärtsilä and Manga LNG Oy.
Wärtsilä has signed a turnkey contract to supply a liquefied natural gas (LNG) receiving terminal to be built in Tornio, northern Finland.
The contract, valued at approximately EUR 100 million, has been made with Manga LNG Oy, a joint venture between the Finnish companies Outokumpu Group, Ruukki Metals Oy, Gasum Oy and EPV Energy Ltd and is conditional on receipt of investment support and Manga LNG Oy’s contracts with other parties, including the gas suppliers according to a Wärtsilä company press release.
The main user of the natural gas from the terminal will be the Outokumpu Tornio steel mill; industries, mines and other potential gas consumers will also be served.
The terminal may also eventually supply LNG to ships.
The Tornio Manga LNG terminal is a long-term infrastructure investment programme with beneficiaries including shipping and road transportation companies, power and heat utilities, as well as other industrial and mining companies in northern Europe.
The terminal will enable this clean and competitively priced fuel to be available for industrial consumers in the Bay of Bothnia region, and will further enhance the growing acceptance of LNG as a marine fuel, says Vesa Riihimäki, President, Wärtsilä Power Plants.
With the Tornio Manga LNG receiving terminal, Wärtsilä is for the first time combining its strong Power Plants EPC capability with its industry leading LNG gas handling technology to provide a turnkey LNG terminal solution.
As LNG continues to replace oil and other fuels worldwide, Wärtsilä sees strong global market potential for medium-scale LNG distribution.
