Esa Harmala News

EU Rejects Plan for Finland, Estonia LNG Terminals

Finland and Estonia will have to return to the drawing board with a joint gas terminal project after the European Commission said a proposed two-terminal model would not be eligible for subsidies, the Finnish government said. Estonia and Finland proposed in February to build two new liquefied natural gas (LNG) terminals on either side of the Gulf of Finland and a pipeline connecting the two countries. They had agreed to act jointly after competing for more than a year over a project to build an LNG terminal. "The European Commission did not approve the model proposed to them," Esa Harmala, head of the energy department at Finland's economy ministry said on Wednesday. Asked whether this meant that the two-terminal model was dead, he said that that was not necessarily the case.