Gasum, Alexela Present Alternative Projects for LNG Facilities in Gulf of Finland

Finland’s Gasum and Estonia’s Alexela Energia have presented collaboration models to go forward with their LNG plans in the Gulf of Finland.

‘The alternative collaboration models, having facilities on both sides of the Gulf of Finland, were presented to the European Commission in Brussels yesterday and now the companies are waiting for the European Commission's position on the presented collaboration models,’ reads a note released on Tuesday.

In February, the two companies signed a memorandum of understanding of feasibility studies concerning the project, coming up with a project that has been rejected by the European Commission in June. The EC did not find the project viable for investment aid. 

”The negotiations were conducted in good spirit and now we are waiting for the Commission’s position on the presented collaboration models. We find the development of the Gulf of Finland LNG infrastructure important in order for us to be able to ensure and diversify access to liquefied natural gas,” said Gasum CEO Johanna Lamminen and Alexela CEO Marti Hääl.