Wärt­silä signs LNG sup­ply con­tract

Power Watch India - - DISPATCHES FINANCE -

Wärt­silä has signed a turnkey con­tract to sup­ply a liq­ue­fied nat­u­ral gas (LNG) re­ceiv­ing ter­mi­nal to be built in Tornio, north­ern Fin­land. The con­tract, val­ued at ap­prox­i­mately EUR 100 mil­lion, has been made with Manga LNG Oy, a joint ven­ture be­tween the Fin­nish com­pa­nies - Ou­tokumpu Group, Ruukki Met­als Oy, Ga­sum Oy and EPV En­ergy Ltd. The con­tract is con­di­tional on re­ceipt of in­vest­ment sup­port and Manga LNG Oy’s con­tracts with other par­ties, in­clud­ing the gas sup­pli­ers, it is told. The main user of the nat­u­ral gas from the ter­mi­nal will be the Ou­tokumpu Tornio steel mill, but in­dus­tries, mines and other po­ten­tial gas con­sumers in the re­gion will also be served. The ter­mi­nal may also even­tu­ally sup­ply LNG to ships, such as the new ice­breaker planned to op­er­ate in the Tornio and Bay of Both­nia re­gion.

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