Project Profile
Value: US$90 million investment + US$25 million grant by the Finnish Ministry
Location: Tahkoluoto Harbour, Port of Pori, Finland
LNG storage capacity: 30,000 cubic metres
Start-up Year: September 2016
The Ministry of Employment and the Economy of Finland has committed a total of US$72 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. 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.
Skangass Oy has secured 23,441,500 euros for the construction of a terminal at Tahkoluoto Harbour in the Port of Pori. The Pori terminal will have an LNG storage capacity of 30,000 cubic metres. It is set to be up and running in autumn 2016. Skangass Oy is a subsidiary of the Norwegian company, Skangass AS. Gasum Oy has a 51% share holding in Skangass AS, with the remaining 49% owned by the Norwegian company Lyse Energi AS. The combined maximum operating capacity of the three terminals will be 450,000 tonnes, which equates to more than 6 terrawatt-hours a year. The three new terminals will also reduce annual CO2 emissions by approximately 370,000 tonnes and carbon emissions by 1,870 tonnes.
The commissioning cargo for Pori LNG terminal will be delivered in July 2016, aboard the small-scale LNG carrier Coral Energy. Finland’s first LNG terminal at the oil and chemical harbor Tahkoluoto in the Port of Pori will begin commercial operations in September 2016. (July, 2016)
Operators:
Skangass Oy (subsidiary of Skangass AS): Operator with 100% interest
Gasum Oy: 51% interst in Skangass AS
Lyse Energi AS.: 49% interest in Skangass AS
Contractors:
Neste Jacobs: EPCM services to carry out the Engineering, Procurement, and Construction Management for Skangass during the years 2014 to 2016
Honeywell: Contract to provide the automation controls and tank gauging systems for Skangas‘ Pori LNG import terminal at the oil and chemical harbor of the Port of Tahkoluoto. Additionally, the company will connect and power comfort, safety and security systems within the terminal itself and provide operators with one interface to access and manage all process and facility technology through integrations of its systems. (November 2015)
Destia: Main contractor selected for the pipeline construction and installation work