LNG terminal should be in Muuga – Vopak E.O.S.

After Gasum OY cancelled the planned LNG terminal project, the next best choice for a regional LNG terminal is Muuga, according to Vopak E.O.S., a partner in Tallinn LNG Terminal project.

Muuga received the highest score in a cost-benefit analysis of the Baltic Sea’s European common interest projects, conducted by the European Commission’s BEMIP (Baltic Energy Market Interconnection Plan) Gas Regional Group,

“In cooperation with Port of Tallinn, Koninklijke Vopak N.V. and Vopak E.O.S. are running the project for providing gas security of supply for Estonia and catering the regional LNG needs”, said Arnout Lugtmeijer, CEO of Vopak E.O.S.

Lugtmeijer pointed out that Tallinn LNG Terminal is a feasible solution for establishing a LNG terminal for providing security of supply of gas for Estonia, and integrating the Estonian gas infrastructure with the region.

“The ultimate goal is to guarantee the security of supply of gas, to diversify sources of supply and create a well-working gas market – a LNG terminal facility would serve this purpose, the earlier the better. We expect to launch the Tallinn LNG terminal’s first stage with bunkering capability in 2017 and, in line with the schedule of Balticconnector’s completion, expand it to according to the requirements of a regional LNG terminal by 2019”.

Lugtmeijer pointed out that Port of Muuga’s existing infrastructure, with deep-water access allows to accommodate an LNG terminal facility development without additional port infrastructure extension.

“Tallinn LNG terminal is a strategic project for ensuring the security of supply, and should therefore be developed in close cooperation between the public and private sector”, Lugtmeijer stressed.

The original article at bbn.ee:  >>>