Finland Times

The Ministry of Employment and the Economy granted 27,660,000 euros in investment subsidies to Haminan Energia for the construction of an LNG terminal at the Port of Hamina Kotka's
oil and gas harbour, said a press release of the ministry.

The subsidies shall, however, cover at most 30 per cent of the project's approved realised costs.

“The MEE has granted investment subsidies to four LNG projects this autumn. This will launch over 300 million euros in investments in liquefied natural gas terminals. The objective is to build a comprehensive terminal network on Finland's coastline, which will create alternative sourcing options for maritime transport and industry that uses gas,” Minister of Economic Affairs Jan Vapaavuori explains.

The Haminan Energia liquefied natural gas terminal, construction of which is to be completed in autumn 2018, would be made up of one LNG tank, 30,000 cubic metres in size, and machinery related to receiving, unloading, storing and delivering LNG, said the official release issued on Wednesday.

An estimated 118,000 tonnes of gas will travel through the terminal each year.

The terminal will sell LNG to industry, maritime transport and road transport.