Wärtsilä to ramp up provision with Hamina LNG terminal
Wärtsilä’s new Finnish LNG terminal has received the necessary building permits for construction to begin ramping up the company’s terminal portfolio.
The terminal, which will be built at the Port of Hamina, equates to a total investment is worth approximately €100 million. It’s planned to become fully operational in 2020.
“Wärtsilä has clearly taken a leading role in end-to-end LNG systems that facilitate environmental and economic sustainability,” said Alexandre Eykerman, Vice President, LNG Solutions, Wärtsilä Energy Solutions.
Wärtsilä will conduct the engineering, procurement and construction of the terminal, but it’s also joining the project through a minority investment by Wärtsilä Development and Financial Services) WDFS) in Hamina LNG Oy.
The main shareholders are Hamina Energy Ltd and Estonian energy company Alexela.
During the first stage of construction, a 30,000 m3 LNG storage tank will be built. Facilities are also being prepared for a second 20,000 m3 storage tank to be added at a later date.
The earthwork has been completed on schedule and the construction work has already commenced.
Wärtsilä said that the decision to build the new terminal was made because the global demand for LNG is rapidly growing, so the related infrastructure is being developed accordingly.
The company is a stakeholder in the entire gas value chain with products and solutions that relate to the initial gas exploration and drilling processes, the production and liquefaction of LNG, the transportation to storage and distribution facilities and finally to end-users.
The Hamina project is the third LNG terminal in Finland that Wärtsilä has been contracted to build, the others being the Manga Tornio terminal and the Raahe terminal.
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