AIRLINK 189.36 Increased By ▲ 1.33 (0.71%)
BOP 11.10 Decreased By ▼ -0.76 (-6.41%)
CNERGY 7.28 Decreased By ▼ -0.26 (-3.45%)
FCCL 36.65 Decreased By ▼ -1.14 (-3.02%)
FFL 14.95 Decreased By ▼ -0.29 (-1.9%)
FLYNG 26.19 Increased By ▲ 0.66 (2.59%)
HUBC 130.89 Increased By ▲ 0.74 (0.57%)
HUMNL 13.47 Decreased By ▼ -0.14 (-1.03%)
KEL 4.28 Decreased By ▼ -0.07 (-1.61%)
KOSM 6.08 Decreased By ▼ -0.09 (-1.46%)
MLCF 45.94 Increased By ▲ 0.26 (0.57%)
OGDC 201.86 Decreased By ▼ -4.57 (-2.21%)
PACE 6.12 Decreased By ▼ -0.26 (-4.08%)
PAEL 38.36 Decreased By ▼ -1.95 (-4.84%)
PIAHCLA 16.73 Decreased By ▼ -0.22 (-1.3%)
PIBTL 7.94 Decreased By ▼ -0.09 (-1.12%)
POWER 9.86 Decreased By ▼ -0.17 (-1.69%)
PPL 173.46 Decreased By ▼ -5.38 (-3.01%)
PRL 34.73 Decreased By ▼ -1.63 (-4.48%)
PTC 23.95 Decreased By ▼ -0.44 (-1.8%)
SEARL 101.74 Decreased By ▼ -1.42 (-1.38%)
SILK 1.07 No Change ▼ 0.00 (0%)
SSGC 32.70 Decreased By ▼ -3.54 (-9.77%)
SYM 17.93 Decreased By ▼ -0.30 (-1.65%)
TELE 8.14 Decreased By ▼ -0.24 (-2.86%)
TPLP 12.02 Decreased By ▼ -0.14 (-1.15%)
TRG 67.40 Increased By ▲ 0.07 (0.1%)
WAVESAPP 11.80 Decreased By ▼ -0.21 (-1.75%)
WTL 1.52 Decreased By ▼ -0.05 (-3.18%)
YOUW 3.90 Increased By ▲ 0.01 (0.26%)
BR100 11,819 Decreased By -87.9 (-0.74%)
BR30 35,000 Decreased By -554.1 (-1.56%)
KSE100 112,085 Decreased By -478.8 (-0.43%)
KSE30 34,946 Decreased By -148 (-0.42%)

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.