Finland grants EUR 27.6 mln for HaminaKotka LNG terminal

Finland grants EUR 27.6 mln for HaminaKotka LNG terminal

The Finnish Ministry of Employment and Economy has granted €27.6 million to support the construction of an LNG terminal at the port of HaminaKotka. 

Earlier this year, the Ministry granted financial support totaling €65.2 for three LNG terminals for Manga LNG, Skangass and Aga AB.

The Finnish state set aside €124 million for investment in LNG terminals this year with the aim to build a comprehensive network of terminals along the Finnish coast, creating the alternative supply routes for the transportation industry, said Minister of Economic Affairs, Jan Vapaavuori. The terminal is part of the country’s push to improve the infrastructure that would enable the use of LNG in marine and road transport.

Haminan Energia plans to complete the terminal at the port of HaminaKotka by 2018. The terminal would consist of one 30,000 cbm storage tank and the accompanying LNG receiving and unloading facilities.

LNG World News Staff; Image: Port of HaminaKotka

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