February 20, 2013 13:45
Eesti Gaas, Gasum propose Baltic LNG terminal in Finland
TALLINN. Feb 20 (Interfax) - Estonia's Eesti Gaas AS and Finland's Gasum believe the proposed Baltic regional LNG terminal should be built in Finland.
Gasum signed an agreement to that effect in Tallinn with an Eesti Gaas subsidiary, EG Vîrguteenus, and notified the governments of both countries.
Finland is the best location for the terminal because it uses more natural gas than any of the three Baltic States.
The optimal site is in Inga, 40 kilometers west of Helsinki.
The EU believes the terminal for its Eastern Baltic member states should be built either in Finland or Estonia, based on a study carried out by the consulting firm Booz & Company for the European Commission. The terminal would free the three Baltic States and Finland from reliance on Russian Gazprom (RTS: GAZP), which currently provides 100% of the natural gas they consume.
The three Baltic States originally conceived the idea of building the regional terminal but so far have been unable to agree their positions, which is a condition to receive co-financing for the project from the EU.
Lithuania's Klaipedos nafta is already implementing a project to build an LNG terminal at Klaipeda. Lithuania says construction of the terminal will go ahead regardless of the regional LNG terminal project.
(Our editorial staff can be reached at email@example.com)
September 22, 2014
Over 50 unidentified Ukrainian servicemen to be buried in Zaporizhzhya region Friday - official
"Victims of state" stage rally near UN office in Tbilisi
Poroshenko, Merkel discuss situation in east Ukraine
Competence of CoE's group for assisting probe into rights abuses in Ukraine must not be curbed - Moscow
Moscow blasts OSCE media freedom rep's "biased" comments
Corrected - Donetsk People's Republic buries 4,000 unidentified civilians, militia members -minister
Six Ukrainian servicemen freed from captivity Monday - president
Uzbek president's daughter suspected of involvement in crime
Moody's downgrades coal producer KuzbassRazrezUgol to B3; negative outlook
Dollar, euro gain against ruble as capital markets, oil prices slide
Main indexes of the Russia stock market for September 22
Militia pledges to comply with agreements during Ukrainian forces' withdrawal
Rosatom signs pre-investment contract to build NPP in Jordan