Wärtsilä moves into LNG terminal construction

10 Jan 2014
Impression of the Tornio Manga LNG receiving terminal

Impression of the Tornio Manga LNG receiving terminal

Wärtsilä has announced the signature of a turnkey contract to supply a liquefied natural gas receiving terminal to be built at Tornio in northern Finland.

The contract is valued about €100 million, and is with Manga LNG, a joint venture between Finnish companies Outokumpu Group, Ruukki Metals, Gasum and EPV Energy. It is conditional on receiving investment support and Manga LNG’s contracts with other parties, including gas suppliers.

Although it is initially being set up to serve a local steel mill and other potential industrial consumers, the terminal may eventually supply LNG to ships, such as the new icebreaker planned to operate in the Tornio and Bay of Bothnia region.

“The Tornio Manga LNG terminal is a long-term infrastructure investment programme. The beneficiaries include shipping and road transportation companies, power and heat utilities, as well as other industrial and mining companies in northern Europe. We appreciate Wärtsilä’s participation as a valuable partner in this project with special value-adding capabilities in this field,” said Pekka Erkkilä, chairman of the board, Manga LNG.

Wärtsilä says that with the Tornio Manga LNG receiving terminal, it is for the first time combining power plant EPC capability with its 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, and believes it is well placed to take a leading role in end-to-end LNG systems.

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