Hamina LNG Terminal

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Hamina LNG Terminal is an operating LNG terminal in Kymenlaakso, Finland.

Location

The map below shows the location of Hamina Port, the approximate location of the project, in Hamina Municipality, Kymenlaakso Region.

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Project Details

• Operator: Hamina LNG Oy
• Owner: Hamina LNG Oy
• Parent: Hamina Energy, Alexela, Wärtsilä
• Location: Port of Hamina, Hamina Municipality, Kymenlaakso Region, Finland
• Coordinates: 60.5183139,27.1608198 (exact)
• Capacity: 6000 MWh/d (0.17 mtpa, 0.22 bcm/y)
• Cost: Approximately €100 million (US$120 million)
• Financing: A grant of approximately €30 million from the Finnish government; debt financing of approximately €67.5 million from Swedish commercial bank SEB
• Status: Operating
• Type: Import
• Start Year: 2022

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Hamina LNG Terminal is a liquefied natural gas (LNG) regasification terminal under development in Kymenlaakso Region. It appears to have been first proposed in December 2014.

Construction began in May 2017. The project was built by Hamina LNG Oy, a joint venture of Hamina Energy Ltd, Estonian energy company Alexela, and Finnish technology company Wärtsilä. It was 30% funded through a state grant.

Tender was issued on the project in October 2016. Construction began in June 2017, and was scheduled to be completed in 2020.

As of October 2020, the terminal was expected to begin operations in April 2021.

In August 2021, a press release from the Hamina LNG company announced that commercial operations had been delayed until an as yet unspecified date in 2022.

In April 2022, Hamina LNG said that the terminal would enter commercial operations in October 2022 and that it had already launched plans to increase the terminal's capacity.

In October 2022, Hamina LNG Terminal began commercial operations.