Project Profile
Value: US$104.3 million
Location: Röyttä Harbour in Tornio, Northern Finland
LNG storage capacity: 50,000 cubic metres
Start-up Year: 2018
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.
Manga LNG Oy has been awarded 33,155,400 euros for the construction of a terminal at Röyttä Harbour in Tornio, Northern Finland. Due to be completed in early 2018, the terminal will have the LNG storage capacity of 50,000 cubic metres. Manga LNG Oy operates as a joint venture by Outokumpu Oyj, SSAB, Skangass Oy and EPV Energia Oy. 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.
Operators:
Manga LNG Oy (joint venture of Outokumpu Oyj, SSAB, Skangass Oy and EPV Energia Oy): 100% interest
Joint venture of:
Outokumpu Oyj
SSAB
Skangass Oy
EPV Energia Oy
Contractors:
Wärtsilä: Provide a turnkey solution, including all the Engineering, Procurement and Construction (EPC) work. Wärtsilä has also been awarded an exclusive ten year contract to provide all the service and maintenance for the terminal.