WÄRTSILÄ BOOSTS LNG CAPACITY IN NORDIC COUNTRIES


LIQUEFIED NATURAL GAS (LNG) IS CURRENTLY THE WORLD’S FASTESTGROWING ENERGY SOURCE. BY 2030, GLOBAL LNG DEMAND IS EXPECTED TO BE ALMOST DOUBLE WHAT IT WAS IN 2012, SAYS A RECENT STUDY BY GLOBAL CONSULTING FIRM EY.

Wärtsilä-Boosts-LNG-Capacity-in-Nordic-Countries

The EY report highlights the growing importance of natural gas in the world’s energy mix. According to the latest annual World Energy Outlook, published by the International Energy Agency (IEA), natural gas is the only fossil fuel whose share in the global energy market is growing  from 21% in 2010 to a projected 25% in 2035. Meanwhile, LNG growth is expected to be even stronger.

These projections bode well for Wärtsilä, which is one of few companies with the capacity to provide a complete range of LNG services, covering every stage of the gas chain – from the initial gas exploration and drilling processes, to production and liquefaction, as well as transportation, storage, regasification and delivery of LNG. Wärtsilä’s technology for gas solutions is ideal for producing electricity.

LARGEST OF ITS KIND

The brand-new Tornio terminal, which deals with the latter part of this process  namely storage, regasification and delivery, is set to be up and running in 2018. The terminal will be the largest of its kind in the Nordic region, supplying LNG to energy-hungry customers in the Finnish and Swedish mining, steelmaking and shipping industries. “This represents a major industrial investment in this area of southern Lapland, known as Sea-Lapland,” says Timo Mahlanen, Senior Business Development Manager, Wärtsilä Energy Solutions. “The Tornio terminal will support the region’s transition from oil to gas and help reduce CO2 and sulphur emissions, in response to the stricter environmental demands in the north of Sweden and Finland.” LNG is the clear, colourless, odourless, non-toxic liquid that forms when gas is cooled to -162ºC. Compared with other fossil fuels, LNG is clearly more sustainable, has 25% less carbon footprint, when used in the power sector compared with fuel oil, and 50% less carbon footprint compared with coal, 99% less sulphur oxide (SO2) and 85% less nitrogen oxide (NO2).

 



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Kenneth Engblom - Contact

  Kenneth Engblom

   Director Business Development LNG,
   Wärtsilä LNG and Nuclear
   
+358 10709 0000
   
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