EU funds new Finnish LNG terminal close to Russia

A new LNG-terminal in Finland comes as a surprise from EU Commissioner Margrethe Vestager, who is sending EUR 28 million to support the terminal which will deliver gas to vessels and Finns alike, reduce pollution and open up for more gas deliveries to Finland.

Photo: Øyvind Hagen - Statoil

The EU Commission has decided to back the construction of a smaller new LNG terminal in the Finnish suburb of Helsinki, Hamina, with EUR 28 million. The terminal, which is one of several upcoming LNG terminals, will deliver LNG to ships in the North Sea while also serving as a gas spigot for Finland, which currently only has one gas supplier, informs the EU Commission in a press release.

The project will strengthen gas supply in Finland, increase the reach of LNG, reduce CO2 emissions and sea pollution, and falls in line with the EU's Energy Union strategy to better integrate EU energy markets. This is the reasoning behind the EU's decision to fund the terminal, which will be located close to the border of Russia, a major supplier of gas to Europe. (see picture -ed.)

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