Tag: LNG infrastructure

The Ministry of Employment and the Economy of the Finnish Government has issued a press release to announce  its commitment of a total of EUR 65.2 million in energy subsidies for three liquefied natural gas (LNG) terminals. With the help of this support, Manga LNG Oy, Skangass Oy, and Oy Aga Ab will build LNG terminals in Tornio, Pori and Rauma respectively. These new terminals will help facilitate a move to significantly reduce the industrial use of fuel oil and liquid petroleum gas (LPG) in Finland. ''The decrees to go ahead with these three operations will see more than EUR 200 million being invested into LNG terminals. This will then instigate the development of a network of terminals along the Finnish coastline'' commented Minister of Economic Affairs Jan Vapaavuori after signing the decrees. ''LNG offers an environmentally-friendly and carbon-free alternative fuel source for the shipping industry. It also enables us to create alternative procurement streams for industries that use gas. According to estimates, the market potential for the use of LNG by the shipping and other industries is particularly significant in the Satakunta region. Furthermore, a terminal in the Bay of Bothnia would make possible the use of LNG in ...

The County Administrative Board in Västra Götaland has granted Swedegas and Vopak LNG Holding a permit under the Environmental Code for an LNG - liquefied natural gas - terminal at the Energy Port in Gothenburg. The terminal will be capable of supplying shipping, industry and heavy transport with gas as fuel as they make the switch from oil. "We are currently in the process of clearing the area at the port and having secured the environmental permit we can now move into the next development stage of the project," said Lars Gustafsson, President of Swedegas. The permit comes into effect immediately and covers LNG storage of up to 33,000 cubic metres and the handling of up to 500,000 tonnes of LNG each year. "It is gratifying to know that we had the entire environmental impact assessment approved. We have met with considerable interest and involvement from all parties concerned," said Lars Gustafsson. The liquefied natural gas will arrive at the Port of Gothenburg by sea. It will then be discharged at the quayside and transferred to road tankers or rail trucks for onward distribution, mainly to industrial facilities throughout the country. It will also be possible for ships to bunker ...