Investment Support for LNG Terminals
LNG (or liquefied natural gas) can be used as a fuel in applications such as marine traffic and heavy road traffic.
When liquefied, natural gas takes up significantly less space, which makes it easier to store and transport over long distances by sea. The sulphur dioxide and carbon dioxide emissions of LNG are considerably lower than the emissions generated by current marine fuels.
LNG terminals enable the transportation of natural gas to areas outside the natural gas network. This diversifies and helps to secure energy supply. It also reduces emissions, particularly in industry in which other fossil fuels are used as an energy source.
LNG terminals also provide a way of boosting competition on the natural gas market and give energy buyers more choice.
Investments in the construction of a national LNG terminals network have been supported with a total of approximately EUR 93 million. Investment support has been granted to Manga LNG Oy’s LNG terminal in Tornio, Skangass Oy’s LNG terminal in Pori, Oy Aga Ab’s terminal in Rauma, and Haminan Energia Oy’s LNG terminal in Hamina. New projects will no longer be granted investment support from the investment support programme.