Hamina LNG Terminal

From Global Energy Monitor
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Hamina LNG Terminal is an in-development LNG terminal in Kymenlaakso, Finland.

Location

The map below shows the location of Hamina Port, the approximate location of the project, in Hamina Municipality, Kymenlaakso Region.

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Project Details

  • Owner: Haminan Energia, Alexela Varahalduse AS
  • Parent: City of Hamina, Alexela Group
  • Location: Port of Hamina, Hamina Municipality, Kymenlaakso Region, Finland
  • Coordinates: 60.5183139,27.1608198 (exact)
  • Capacity: 0.1 mtpa, 0.01 bcfd
  • Cost: Approximately €100 million (US$120 million)[1]
  • Financing: A grant of approximately €30 million from the Finnish government; debt financing of approximately €67.5 million from Swedish commercial bank SEB[2]
  • Status: Construction
  • Type: Import
  • Start Year: 2021[3]

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Hamina LNG Terminal is a liquefied natural gas (LNG) regasification terminal under development in Kymenlaakso Region. The project is being built by a joint venture of Alexela Varahalduse AS (a subsidiary of Estonia's Alexela Group) and Haminan Energia (Hamina's municipal power company). The project was 30% funded through a state grant.[4]

Tender was issued on the project in October 2016.[5] Construction began in June 2017, and is scheduled to be completed in 2020.[6]

As of October 2020, the terminal is expected to begin operations in April 2021.[3]

Articles and resources

References

  1. Hamina LNG terminal in Finland reaches financial close, International Group of Liquefied Natural Gas Importers, May 17, 2018
  2. LNG import terminal in Hamina, Finnvera, accessed Jan. 11, 2021
  3. 3.0 3.1 Commercial commissioning of Hamina LNG’s terminal approaching, Port of Haminakotka, October 21, 2020
  4. Hamina LNG website, accessed July 2017.
  5. Tender issued for Finland’s Hamina LNG terminal, Conferenza GNL website, 10 Oct. 2016.
  6. Finland: Hamina LNG terminal construction starts, LNG World News, 22 June 2017.

Related GEM.wiki articles

External resources

External articles