Adding To LNG Infrastructure
Wärtsilä extending its LNG value strategy to cover terminal solutions
Wärtsilä has signed a turnkey contract, valued at approximately €100 million, to supply a liquefied natural gas (LNG) receiving terminal to be built in Tornio, northern Finland.
The customer is Manga LNG Oy, a joint venture between the Finnish companies Outokumpu Group, Ruukki Metals Oy, Gasum Oy and EPV Energy Ltd. The contract is conditional on receipt of investment support and Manga LNG Oy's contracts with other parties, including the gas suppliers.
Wärtsilä said the natural gas terminal will enable the clean, competitively priced fuel to be available for industrial consumers including the Outokumpu Tornio steel mill, mines, other industries and eventually ships such as the new icebreaker planned to operate in the Tornio and Bay of Bothnia region.
As LNG continues to replace oil and other fuels worldwide, Wärtsilä said it sees strong global market potential for medium-scale LNG distribution.