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)
July 25, 2014
Council of European Union expands EU sanctions list over Ukrainian situation
Agencies to draft order on easing procedure of obtaining Russian citizenship for refugees
Over 38,000 refugees from Ukraine find shelter in Rostov region
Ukrainian foreign minister to visit Washington
FCSD head not commenting on Navalny's complaint to ECHR
Wingas chairman Konig to stay on after Gazprom acquisition
Russian seasonally adjusted GDP growth 0.1% in Q2 following 0.5% decline in Q1 - ministry
Putin calls for increase of comprehensive cooperation with Iraq
Russians advised not to go to Maldives - Russian Foreign Ministry
Several dozen Ukrainian munitions explode on Russian territory in Rostov region
British ambassador to Ukraine dodges question about missing RT journalist
Militia say they destroyed two trucks carrying sixty Ukrainian troops
Lukoil VP Subbotin buys another $11.3 mln in company ADRs