Gazprom prefers Inkoo LNG terminal

Managers of Gasum and EG Võrguteenuse, which is a subsidiary of Eesti Gaas signed the corresponding contract in Tallinn and just stated of it to the governments of both states too. According to the contract, the gas companies think that since Finland has the biggest consumption of gas between the 4 states on the Eastern coast of Gulf of Finland, the new terminal must be situated in Finland.

Currently the crucial round of talks is under way for finding the position for the Finnish and Baltic states regional gas terminal. The position has to suit the European Commission which may grant funds for building it.

In the last round, 3 projects are being considered: Gasum-developed Finnish Inkoo, the Alexela Energia project in Paldiski, Estonia and the terminal in Muuga, near Tallinn, scheduled by the state-owned Elering and Port of Tallinn. The Paldiski terminal would be the cheapest, the size of investment would be around 301 million euros.

Now Estonia and Finland need to agree to which of these they would ask for EU financing. Together with the LNG terminal, Estonian-Finnish gas pipeline Baltic connector must be built. Gasum and EG Võrguteenus agreed about the latter that it would proceed from Inkoo to Paldiski.

Tuesday was the deadline when developers of all 3 projects should send data to both states economy ministries. Estonia and Finland want to make the choice by March six to present it in Brussels a day later.