Vopak ready to set up €250 million regional LNG terminal in Estonia

Vopak E.O.S., the largest independent oil product terminal operator in the Baltics, which wishes to build a liquefied natural gas (LNG) terminal in Muuga, east of Tallinn, also remains ready to set up an additional regional terminal that is estimated to cost approximately 250 million euros.

“The Tallinn LNG terminal is one of the projects to which the EU has given priority and which is eligible for support,” Vopak spokesperson Olga van Kampen told BNS. “The size of the investment depends on the size of the terminal planned for the Muuga port. The estimated cost of the regional terminal is approximately 250 million euros.

She added that a smaller terminal meant for the bunkering and loading of trucks that would serve as the first stage of the regional terminal would cost approximately 50 million euros. The company has previously stated that it would like to launch the first stage of the terminal in 2017, and to expand it into a regional terminal by 2019.

The original article at err.ee : >>>>