Wärtsilä to ramp up provision with Hamina LNG terminal

Wärtsilä said that the new terminal will facilitate environmental and economic sustainability Wärtsilä said that the new terminal will facilitate environmental and economic sustainability
Industry Database

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.

Project scope

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.

LATEST PRESS RELEASE

Intermodal Europe 2018 steers the way for the global container shipping industry

With the global container shipping market currently estimated to be worth $4 trillion and representi... Read more

Global shipping industry faces calls to reduce emissions

The 2018 GreenPort Congress conference invites industry experts to discuss the reduction of emission... Read more

Experts Highlight Viable Power and Propulsion Solutions for Next Generation Vessels

Lithium-ion battery expert Dr John Warner is presenting at the NEXT GENERATION Marine Power & Propul... Read more

AMRO– A Focus On Reducing Environmental Impacts In The Marine Environment

AMRO, a specialist marine equipment and services provider operating out of the GCC, has recently eng... Read more

SAFE AND SECURE

Ninth Consecutive “Excellent” Coast Guard Security Assessment Awarded to Port of Baltimore Read more

HOGAN ADMINISTRATION ANNOUNCES ANOTHER RECORD YEAR OF CARGO AT THE PORT OF BALTIMORE

Containers and Autos Lead The Way As Port Business Continues to Surge Read more

View all