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Banking & Finance, Energy & Infrastructure / 2 Apr 2015

Borenius advised the consortium of Outokumpu Oyj, SSAB Europe Oy, Skangass Oy and EPV Energia Oy in its project to build and operate a LNG terminal in Tornio

We successfully advised the consortium of Outokumpu Oyj, SSAB Europe Oy, Skangass Oy and EPV Energia Oy in signing the project to build and operate a LNG terminal in Tornio which is one of the first LNG terminals in Finland. The cost estimate for the terminal is approximately MEUR 100, which is financed with, inter alia, bank facilities (partly backed by Finnvera’s guarantee) and investment aid (MEUR 33.15) granted by the Finnish Ministry of Employment and the Economy.

The terminal is planned to be in operation by early 2018 and it will create more versatile gas and fuel markets in Finland since there is currently no similar terminal operating in Finland.

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