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More natural gas terminals popping up along Finnish coast

The Finnish-Russian-German energy company Gasum has decided to build a new liquid natural gas (LNG) import terminal in the west-coast town of Pori.

havainnekuva
Gasumin LNG-terminaalin havainnekuva Tahkoluodon kemikaalisatamasta. Image: Porin kaupunki / Gasum

Gasum announced on Tuesday that it has chosen Pori as the site of its latest liquid natural gas (LNG) project.

The 30,000-cubic-metre import terminal will be built in the old Tahkoluoto port area. It will be accompanied by a logistics centre serving both maritime and road transport. The company says the complex will guarantee the supply of LNG in Finland and thereby reduce greenhouse gases. LNG has lower CO2 emissions than other types of fossil fuel.

The Finnish state and the majority-stated-owned utility Fortum own 55 percent of Gasum, while it is one-quarter-owned by the Russian state-owned utility Gazprom and the German power giant E.ON holds a 20-percent stake.

Gasum says the terminal will serve a stretch of the west coast from Hanko in the south to Kokkola to the north.

Tornio, Turku projects planned

Gasum is also involved in another LNG terminal planned for the northern port of Tornio, which is to open in 2017.

The company also hopes to build one in Turku’s Pansio district. That project is on ice due to complaints filed against its requested changes to local zoning regulations. Gasum still hopes to have that facility up and running in 2016. The firm has had an LNG production facility in Porvoo since 2010.

The Pori terminal is scheduled to begin operations in late 2016. Construction begins this year, bringing about 250 person-years of work. When completed, the terminal will only have about 10 direct employees, along with some 50 indirect jobs.

Gasum has applied to the Finnish Ministry of Employment and the Economy for investment support. AGA also plans to construct an LNG terminal in Pori.

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