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Home BUSINESSFinland-Estonia in final stage of LNG negotiations
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Fri, 23 May, 2014 02:07:19 AM
FTimes-STT Report, May 23
File picture of Gasum line indicator of a planned natural gas pipeline construction. Photo Lehtikuva.
Finland and Estonia will cooperate in building liquefied natural gas (LNG) terminals, according to sources at the Ministry of Employment and the Economy.
According to the sources, negotiations between Finland’s Gasum and Estonia’s Alexala have progressed to the extent that the two developers are ready to demonstrate their planned proposal before the EU Commission in the beginning of June.
By then it will also be clear whether the proposed design will be eligible to get funding from the EU.
When reached by STT, Esa Härmälä, director-general of the Energy Department at the Ministry of Employment and the Economy did not comment more specifically on what kind of presentation was readied.
Estonia has planned for its own LNG terminal at Paldiski while Finland plans to have its terminal at either Inkoo or Porvoo. The final decision on the site of the terminal has however not yet been made, according to Olga Väisänen, Gasum’s communication director.
In addition, Gasum is in cooperation with the Estonian company EG Vörguteenus to build the Balticconnector natural gas pipeline that will connect the Finnish and Estonian natural gas markets.
The target, according to the ministry, is to get the proposal ready in time for the first EU support round slated for summer.
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