Wärtsilä receives full notice to proceed for its first LNG terminal

Wärtsilä Corporation, Press release, 19 December 2014 at 10 am EET

Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland. Wärtsilä will commence construction on the site near the port of Tornio in January 2015. Manga LNG Oy is a joint venture of Outokumpu Group, Svenskt Stål AB (SSAB), Skangass and EPV Energy Ltd.

Wärtsilä initially announced this project in January 2014. The order, valued at approximately EUR 100 million, will be included in Wärtsilä's order intake in December 2014.

The turnkey delivery of the first import terminal supplied by Wärtsilä includes complete unloading, storing and regasification equipment for LNG. The capacity of the LNG storage tank will be 50 000 cubic metres. A 10-year maintenance agreement was also signed between the parties. The first maintenance agreement for an LNG terminal complements Wärtsilä's service proposition and experience within dual fuel and gas engines and related equipment.

One of the main users of the imported natural gas will be the Outokumpu Tornio steel mill. A gas pipeline will be built to the nearby Röyttä industrial site, where the mill is located. Additional potential gas users are mines, factories and other industrial customers in Northern Finland and Sweden. Railroad and truck transportation from the terminal will be available. The terminal can also be used for LNG bunkering as well as to supply fuel for LNG-powered ships.  

"The world is switching to natural gas, and we make it available in new places. With our unique turnkey offering, we are ready take a leading role in end-to-end LNG systems," says Tore Björkman, Vice President, LNG and Nuclear, Wärtsilä Power Plants.

Wärtsilä, recognised for its market-leading gas engine technology, provides technology and services throughout the entire LNG distribution chain. Wärtsilä's portfolio includes liquefying technology, various gas-handling solutions, the design of LNG transport vessels, gas-fired marine propulsion solutions, LNG loading and unloading facilities, storage facilities and regasification. A gas-fired power plant can be combined with an import terminal in a joint turnkey project.  

LNG is replacing oil and other fuels worldwide. The environmental benefits are significant. In power generation, natural gas produces about 30 percent fewer carbon emissions than oil, while sulphur dioxide emissions are reduced by some 99 percent. LNG-fuelled ships have no sulphur emissions and 92 percent fewer nitrogen oxide emissions than vessels powered by heavy fuel oil.  

Link to Wärtsilä's press release of January 10, 2014

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For further information please contact:

Tore Björkman
Vice President, LNG and Nuclear
Wärtsilä Power Plants
Tel: +358 10 709 2915
[email protected]

Jussi Laitinen
Communications Manager
Wärtsilä Power Plants
Tel: +358 50 4042006
[email protected]

Wärtsilä Power Plants in brief
Wärtsilä Power Plants is a leading global supplier of flexible baseload power plants of up to 600 MW operating on various gaseous and liquid fuels. Our portfolio includes unique solutions for peaking, reserve and load-following power generation, as well as for balancing intermittent power production. Wärtsilä Power Plants also provides LNG terminals and distribution systems. As of 2014, Wärtsilä has 56 GW of installed power plant capacity in 170 countries around the world.
www.smartpowergeneration.com

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers. In 2013, Wärtsilä's net sales totalled EUR 4.7 billion with approximately 18,700 employees. The company has operations in more than 200 locations in nearly 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com