The Ministry of Employment and the Economy granted EUR 65.2 million in three new LNG terminals
The Ministry of Employment and the Economy announced that it has committed a total of EUR 65.2 million in energy subsidies for three liquefied natural gas (LNG) terminals. 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. These new terminals will help facilitate a move to significantly reduce the industrial use of fuel oil and liquid petroleum gas (LPG) in Finland.
"The decrees to go ahead with these three operations will see more than EUR 200 million being invested into LNG terminals. This will then instigate the development of a network of terminals along the Finnish coastline," commented Minister of Economic Affairs Jan Vapaavuori after signing the decrees.