Name of the Project
Hamina liquefied natural gas (LNG) terminal.
Location
Port of Hamina, Finland.
Client
Hamina LNG Oy, which comprises Hamina Energy and Alexela.
Project Description
The first stage of the project entails the construction of a 30 000 m3 LNG storage tank.
Facilities are also being prepared for a second 20 000 m3 storage tank to be added at a later date.
Potential Job Creation
Not stated.
Value
€100-million.
Duration
The LNG terminal will become fully operational in 2020.
Latest Developments
The project reached financial close in May.
Wärtsilä will build the facility under a turnkey contract. In addition to supplying the engineering, procurement, and construction (EPC) of the terminal, Wärtsilä is also joining the project through a minority investment through Wärtsilä Development & Financial Services in Hamina LNG Oy. The main shareholders are Hamina Energy and Estonian energy company Alexela.
Key Contracts and Suppliers
Wärtsilä (EPC).
On Budget and on Time?
Too early to state.
Contact Details for Project Information
Hamina LNG Oy, tel +372 6 617 731 or email info@baltigaas.eu.