HELSINKI -- Wärtsilä has signed a turnkey contract
to supply a liquefied natural gas (LNG) receiving terminal to
be built in Tornio, northern Finland.
The contract, valued at approximately $136 million, has been
made with Manga LNG, a joint venture between the Finnish
companies Outokumpu Group, Ruukki Metals, Gasum and EPV Energy
The contract is conditional on receipt of investment support
and Manga LNGs contracts with other parties, including
the gas suppliers.
The Tornio Manga LNG terminal is a long-term
infrastructure investment program," said Pekka Erkkilä,
chairman of the Manga LNG Oy board. "The beneficiaries include
shipping and road transportation companies, power and heat
utilities, as well as other industrial and mining companies in
northern Europe. We appreciate
Wärtsiläs participation as a valuable partner
in this project with special value-adding
capabilities in this field."
The main user of the natural gas from the terminal will be
the Outokumpu Tornio steel mill, but industries, mines, and
other potential gas consumers in the region will also be
served. The terminal may also eventually supply LNG to ships,
such as the new icebreaker planned to operate in the Tornio and
Bay of Bothnia region.
This is a large and extremely important project, and we see the selection of
Wärtsilä Power Plants to engineer, supply, and
construct the new LNG receiving terminal as an acknowledgement
of our expertise and experience in engineering, procurement and
construction (EPC) project execution, in LNG handling
systems, and in the use of LNG as fuels," said Vesa
Riihimäki, president of Wärtsilä's power plants
"The terminal will enable this clean and competitively
priced fuel to be available for industrial consumers in the Bay
of Bothnia region, and will further enhance the growing
acceptance of LNG as a marine fuel."