Wärtsilä signs contract to supply LNG terminal for Finland

1/10/2014

Wärtsilä signs contract to supply LNG terminal for Finland

HELSINKI, Finland  -- Wärtsilä, a global supplier of power plant and ship power solutions and services, has signed a turnkey contract to supply a LNG receiving terminal to be built in Tornio, northern Finland.

The contract, valued at approximately EUR 100 million, has been made with 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.

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.

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