Gasum and Alexela have submitted their proposal to the European Commission and the representatives of both countries governments (Finland and Estonia) concerning an LNG import terminal to be constructed on the Gulf of Finland.
According to the recent negotiations, it is the view of the European Commission that the solution is not eligible for funding under Projects of Common Interest (PCI) to improve Europe’s energy infrastructure. Gasum and Alexela continue negotiations on the cooperation model.
“Gasum will continue planning the construction of an import terminal in Southern Finland to be able to ensure and diversify our customers’ access to LNG in this region and in shipping, industry and heavy-duty road transport alike. Once completed, the terminal would further strengthen the supply security of natural gas,” said Gasum CEO, Johanna Lamminen.
Regarding the Balticconnector, the pipeline planned between Finland and Estonia, the prerequisites for the construction of the interconnector have been outlined in top-level explorations carried out by Gasum and the Estonian transmission system operator Võrguteenus and were presented to the European Commission and the representatives of both countries governments on 19 June.
The companies are now waiting for the final statements to the submitted proposal. The realisation of Balticconnector requires advancement of other gas infrastructure projects in the Baltic countries before the interconnector pipeline can be connected to the European gas network. Both parties will apply for an EU grant for studies regarding the interconnector from the 2014 CEF Energy call for proposals.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/regasification/19062014/finnish_lng_import_terminal_negotiations_803/