Es­to­nia's Alex­ela to start build­ing LNG ter­mi­nal in Fin­land

The Baltic Times - - BALTICS - BNS/TBT Staff

Ham­ina LNG Oy, a joint ven­ture be­tween Fin­nish Ham­ina En­er­gia Oy and Es­to­nian Alex­ela Vara­hal­duse AS, on Thurs­day, June 22, adopted a fi­nal in­vest­ment de­ci­sion and will start the con­struc­tion of a 95 mil­lion Euro liq­ue­fied nat­u­ral gas (LNG) ter­mi­nal at Ham­ina in Fin­land.

The first stage of the project will see the con­struc­tion of a 30,000 cu­bic me­ter con­tainer along with the ca­pa­bil­ity for re­ceiv­ing, gasi­fy­ing and reload­ing of LNG from ships, which al­lows to for­ward nat­u­ral gas into the lo­cal dis­tri­bu­tion net­work and also sup­ply nat­u­ral gas to cus­tomers who are not con­nected to the net­work, Alex­ela said.

Al­to­gether, 30 per cent of fi­nan­cial sup­port was al­lo­cated to the 95 mil­lion Euro project by the Fin­nish state in 2014.

The ter­mi­nal will also start sup­ply­ing land and mar­itime trans­port in or­der to al­low for more ex­ten­sive use of en­vi­ron­men­tally friendly trans­port fuel. To re­spond to mar­ket de­mand, plans for the fu­ture in­clude the con­struc­tion of a sec­ond con­tainer with a ca­pac­ity of 20,000 cu­bic me­ters.

LNG is a new, re­new­able gas sup­ply source and en­ables to cre­ate new en­ergy in­ten­sive in­dus­trial sec­tors in the Ham­ina area of Fin­land. The vi­sion of the Fin­nish govern­ment sees LNG as the ba­sis of eco­nomic growth not only in the Ham­ina-kotka area, but in the whole coun­try.

Al­to­gether 100 new jobs will be cre­ated dur­ing the time pe­riod of the con­struc­tion project from 2017 to 2020. At least 10 per­ma­nent jobs with high added value will be cre­ated at the launch of the ter­mi­nal in 2020.

The con­struc­tion of the Ham­ina LNG ter­mi­nal is part of the de­vel­op­ment strat­egy of Alex­ela's LNG busi­ness di­vi­sion in the Baltic coun­tries and Fin­land. At present, the prepa­ra­tion of the con­struc­tion project of the Pald­iski LNG ter­mi­nal have also been fin­ished -- in­clud­ing the im­ple­men­ta­tion of an LNG ter­mi­nal plan, the fi­nal­iza­tion of the en­vi­ron­men­tal im­pact as­sess­ment, the ter­mi­nal has re­ceived a per­mit for the spe­cial use of wa­ter and the en­gi­neer­ing de­sign works for the or­ga­ni­za­tion of an in­ter­na­tional turnkey con­struc­tion pro­cure­ment have been fin­ished.

The fi­nal in­vest­ment de­ci­sion for the launch of the con­struc­tion of Pald­iski LNG ter­mi­nal is on hold un­til con­sul­ta­tions be­tween Baltic prime min­is­ters and Alex­ela and Klaipedos Nafta with re­gard to the EU co-fund­ing of the re­gional im­port ter­mi­nal have been fi­nal­ized.

Plans also in­clude the con­struc­tion of a co­gen­er­a­tion plant at Pald­iski, which in ad­di­tion to sup­ply­ing ther­mal and elec­tric en­ergy to the LNG ter­mi­nal, would also cre­ate the po­ten­tial for the re­al­iza­tion of en­ergy in­ten­sive in­dus­trial in­vest­ments in Es­to­nia in the prospec­tive Pald­iski en­ergy com­mune.

Alex­ela Group is a hold­ing com­pany, which gath­ers the com­pa­nies re­lated to the same cir­cle of own­ers over the last two decades into the uni­form struc­ture of Alex­ela Group as the um­brella or­gan­i­sa­tion.

Alex­ela Group op­er­ates in three ar­eas: en­ergy, the metal in­dus­try and property de­vel­op­ment. The group em­ploys over 1,000 peo­ple.

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