Finland Grants Support to Three Small LNG Terminals
The Finnish government granted 65.2 million euros (84.22 million US dollar) in subsidies to build three small liquefied natural gas (LNG) terminals to cut on use of fuel oil and liquefied petroleum gas (LPG) in industry, the economy ministry said on Thursday. Finland is building a network of LNG terminals along its coastline, expecting that LNG will be increasingly used as a shipping fuel in the Baltic Sea. "With the help of this support, Manga LNG Oy, Skangass Oy, and Oy Aga Ab will build LNG terminals in Tornio, Pori and Rauma respectively," the ministry said in a statement. Manga LNG is a joint venture, which includes Finnish stainless steel maker Outokumpu Oyj.
Gasum Boosts LNG Network with Skangass Deal
Reuters - Finnish gas company Gasum is to acquire 51 percent of Norwegian Skangass's distribution operations from Lyse Corporation as it seeks to improve the efficiency of its liquefied natural gas (LNG) network. Gasum said on Monday that the deal, which will make it the largest Nordic operator in the LNG market, is also intended to ensure that it benefits from tighter European Union emissions regulations. Various new regulations on sulphur emissions in the shipping sector will come into place for much of the North and Baltic Sea as well as the United States and Canada in 2015, which has driven interest in alternative fuels to diesel.