Parts Proposes Splitting LNG Terminal Project (1)
Estonian Minister of Economic Affairs Juhan Parts has proposed building two smaller LNG terminals, one in Estonia and one in Finland, instead of just the one EU-funded terminal for which both nations have been vying.
Parts told Finnish daily Kauppalehti today that his plan would initially be cheaper as the construction of an under-water gas pipe to connect the two nations could be postponed and smaller tankers used instead.
The idea was pitched to Parts's Finnish counterpart Jan Vapaavuori at a meeting on Thursday and the Finns said they would consider the idea.
Estonia and Finland have been vying to claim the 300 to 500-million-euro terminal since a European Commission study named Muuga and Paldiski in Estonia, and Inkoo in Finland, as possible locations.
The terminal, due for completion in 2016, would allow the Baltic region to have greater independence from Russian gas supplier Gazprom, hopefully lowering rates for consumers, officials say.