Port of Tallinn and Elering start preparing for LNG terminal
Elering’s board chairman Taavi Veskimägi said that the issues concerning an LNG terminal are one of the main issues for the Estonian state in guaranteeing supply reliability as well as for developing the gas market into a competitive market.
“The gas market development report compiled by Pöyry states that in order to create free competition at the market, besides separating the ownership of gas grid, another important condition is access of an alternative gas supply chain and suppliers to the Estonian market. This is in today’s circumstances possible most realistically via a liquefied natural gas terminal,” said Veskimägi.
Port of Tallinn commerce manager Erik Ringmaa said that the state-owned port operator company has studied the possibilities of building an LNG terminal in Muuga or Paldiski South Port and studies show that the Eastern part of Muuga port is the best location.
Ringmaa added that they hope to achieve major synergy from joining bunkering LNG and a regional LNG terminal.
Elering and Port of Tallinn are looking for possibilities of getting co-financing to the project from EU budget and declare readiness to include third partners in the project if need be.
Juhan Tere, BC, Tallinn, 05.12.2011.
Estonian state-owned Port of Tallinn and Elering announced that they have concluded cooperation agreement on launching preparations for building a LNG terminal, LETA/Postimees Online reports.
Elering’s board chairman Taavi Veskimägi said that the issues concerning an LNG terminal are one of the main issues for the Estonian state in guaranteeing supply reliability as well as for developing the gas market into a competitive market.
“The gas market development report compiled by Pöyry states that in order to create free competition at the market, besides separating the ownership of gas grid, another important condition is access of an alternative gas supply chain and suppliers to the Estonian market. This is in today’s circumstances possible most realistically via a liquefied natural gas terminal,” said Veskimägi.
Port of Tallinn commerce manager Erik Ringmaa said that the state-owned port operator company has studied the possibilities of building an LNG terminal in Muuga or Paldiski South Port and studies show that the Eastern part of Muuga port is the best location.
Ringmaa added that they hope to achieve major synergy from joining bunkering LNG and a regional LNG terminal.
Elering and Port of Tallinn are looking for possibilities of getting co-financing to the project from EU budget and declare readiness to include third partners in the project if need be.
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