AIRLINK 208.80 Decreased By ▼ -4.02 (-1.89%)
BOP 10.26 Increased By ▲ 0.01 (0.1%)
CNERGY 6.85 Decreased By ▼ -0.15 (-2.14%)
FCCL 33.70 Increased By ▲ 0.23 (0.69%)
FFL 17.10 Decreased By ▼ -0.54 (-3.06%)
FLYNG 21.62 Decreased By ▼ -0.20 (-0.92%)
HUBC 129.50 Increased By ▲ 0.39 (0.3%)
HUMNL 14.04 Increased By ▲ 0.18 (1.3%)
KEL 4.76 Decreased By ▼ -0.10 (-2.06%)
KOSM 6.90 Decreased By ▼ -0.03 (-0.43%)
MLCF 43.25 Decreased By ▼ -0.38 (-0.87%)
OGDC 216.30 Increased By ▲ 3.35 (1.57%)
PACE 7.16 Decreased By ▼ -0.06 (-0.83%)
PAEL 42.22 Increased By ▲ 1.05 (2.55%)
PIAHCLA 17.02 Increased By ▲ 0.19 (1.13%)
PIBTL 8.41 Decreased By ▼ -0.22 (-2.55%)
POWER 8.88 Increased By ▲ 0.07 (0.79%)
PPL 185.50 Increased By ▲ 2.47 (1.35%)
PRL 39.44 Decreased By ▼ -0.19 (-0.48%)
PTC 24.75 Increased By ▲ 0.02 (0.08%)
SEARL 98.99 Increased By ▲ 0.98 (1%)
SILK 1.01 No Change ▼ 0.00 (0%)
SSGC 40.99 Decreased By ▼ -0.74 (-1.77%)
SYM 18.45 Decreased By ▼ -0.41 (-2.17%)
TELE 9.27 Increased By ▲ 0.27 (3%)
TPLP 12.24 Decreased By ▼ -0.16 (-1.29%)
TRG 65.51 Decreased By ▼ -0.17 (-0.26%)
WAVESAPP 10.89 Decreased By ▼ -0.09 (-0.82%)
WTL 1.87 Increased By ▲ 0.08 (4.47%)
YOUW 4.08 Increased By ▲ 0.05 (1.24%)
BR100 11,862 Decreased By -3.9 (-0.03%)
BR30 35,945 Increased By 247.4 (0.69%)
KSE100 114,165 Increased By 16.4 (0.01%)
KSE30 35,940 Decreased By -12.4 (-0.03%)

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.