Saturday, 30 August 2014
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Wärtsilä signs €100m liquefied natural gas contract

Wärtsilä has signed a turnkey contract to supply a liquefied natural gas (LNG) receiving terminal to be built in Tornio, northern Finland. 

The contract, valued at approximately €100m, has been made with Manga LNG, a joint venture between the Finnish companies Outokumpu Group, Ruukki Metals, Gasum and EPV Energy.

The contract is conditional on receipt of investment support and Manga LNG’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.


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