Gasum selects LNG import terminal site

Gasum has selected Tahkoluoto, Pori, as the location of its first liquefied natural gas (LNG) import terminal. The facility, which will have a capacity of 30 000 m³, will improve the availability of LNG in Finland.

LNG terminal

Gasum intends to build a LNG distribution logistics chain based on truck transport around the Pori terminal. Gas supply will be targeted to suit the needs of the industry, as well as maritime and road traffic. Once complete, the LNG import terminal will serve the entire western coast from Hanko to Kokkola. The Tahkoluoto port has existing infrastructure, active ship traffic and a number of significant industrial clients operate in the port vicinity.

The final investment decision (FID) regarding the Pori import terminal has not yet been made. Gasum has applied for investment funds for the LNG terminal from the Ministry of Employment and the Economy.

Construction jobs

Gasum expects to begin construction of the terminal this year. The terminal is expected to be complete in 2016. The construction project is expected to create approximately 250 jobs during the construction phase. After its completion, the LNG terminal will employ up to 50 people.

Energy competitiveness

The LNG import terminal will diversify gas and fuel markets in Finland. Additionally, the use of LNG will improve energy competitiveness, as in recent years the price of LNG has been more stable than that of other fuels.

Gasum is intending to build an additional import terminal in Pansio, Turku.

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/04032014/site_selected_for_lng_import_terminal_243/