BR100 Decreased By (-0.07%)
BR30 Decreased By (-0.07%)
KSE100 Decreased By (-0.04%)
KSE30 Decreased By (-0.13%)
AGHA 7.73 Decreased By ▼ -0.08 (-1.02%)
BECO 5.19 Decreased By ▼ -0.02 (-0.38%)
BML 57.50 No Change ▼ 0.00 (0%)
BOP 33.84 Decreased By ▼ -0.19 (-0.56%)
CNERGY 10.01 Increased By ▲ 0.05 (0.5%)
CSIL 5.35 Increased By ▲ 0.04 (0.75%)
FCCL 54.31 Decreased By ▼ -0.39 (-0.71%)
FFL 16.75 Increased By ▲ 0.06 (0.36%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 7.38 Decreased By ▼ -0.02 (-0.27%)
KOSM 5.70 Decreased By ▼ -0.07 (-1.21%)
LOTCHEM 29.20 Decreased By ▼ -0.12 (-0.41%)
MLCF 93.69 Decreased By ▼ -0.67 (-0.71%)
NBP 202.75 Decreased By ▼ -0.30 (-0.15%)
NCPL 57.00 No Change ▼ 0.00 (0%)
NPL 67.75 Increased By ▲ 0.05 (0.07%)
OGDC 316.74 Increased By ▲ 0.90 (0.28%)
PACE 10.68 Increased By ▲ 0.04 (0.38%)
PAEL 43.05 Decreased By ▼ -0.15 (-0.35%)
PIBTL 16.70 Decreased By ▼ -0.04 (-0.24%)
PPL 218.70 Decreased By ▼ -1.08 (-0.49%)
PRL 49.80 Increased By ▲ 0.61 (1.24%)
PTC 70.90 Increased By ▲ 0.37 (0.52%)
SSGC 27.93 Decreased By ▼ -0.32 (-1.13%)
TBL 9.81 Decreased By ▼ -0.05 (-0.51%)
TELE 8.79 No Change ▼ 0.00 (0%)
TPL 18.22 Decreased By ▼ -0.02 (-0.11%)
TPLP 13.47 Increased By ▲ 0.20 (1.51%)
TREET 22.74 Increased By ▲ 0.02 (0.09%)
TRG 60.25 Increased By ▲ 0.11 (0.18%)

OSLO: Finland's 110 million-euro ($124.5 million) Manga liquefied natural gas import terminal has fully opened after a year-long delay to the project, engineering firm Wartsila and part-owner Gasum said on Tuesday.

Manga, the largest LNG terminal in the Nordic region with storage capacity of 50,000 cubic metres, began receiving some shipments in November 2017, but is only now ready for full commercial operations after an additional year of tests.

A Wartsila executive told Reuters the testing period had been prolonged due to some adjustments that the facility needed, but declined to specify the nature of the extra works.

The terminal includes facilities for LNG unloading, storage, pipeline distribution, regasification, truck loading, and ship bunkering, said Wartsila, which will also maintain the facility for 10 years.

It will supply LNG to steel mills, ships and local industries in Finland and Sweden.

Steel firms Outokumpu and SSAB, who part-own the facility along with Gasum and EPV Energy, are among its customers.

Located near the northern Finnish port of Tornio, Manga has received supplies from Novatek's new small-scale LNG production plant at Russia's Baltic Sea port of Vysotsk, and will also receive cargos from Norway, among other sources.

Outokumpu has previously said that receiving LNG through Tornio would help it cut its emissions and reduce production costs due to more stable energy prices.

"The deployment of the new LNG terminal significantly supports the emission goals of Finland, as well as the entire Nordics," Gasum's vice president for natural gas and LNG Kimmo Rahkamo said in a statement.

Copyright Reuters, 2019

Comments

Comments are closed for this article.