EMEA News
Estonia's Mõntu Harbour Signs Agreement for the Development of New LNG Bunkering Centre
Russia's LNG Gorskaya LLC (LNG Gorskaya) says authorities of Mõntu Harbour in Estonia have signed an agreement of intent with LNG Gorskaya Overseas Ou (LNG Gorskaya Overseas) for the development of a liquefied natural gas (LNG) bunkering centre at the harbour, IAA PortNews reports.
The centre is set to include a 5,000 cubic metre (cbm) capacity floating LNG storage facility, a berth for ships to be bunkered by a 1,300 cbm tanker - a vessel that is capable of conducting bunkering operations at both the harbour and at offshore facilities of ports in Estonia and Latvia.
The €33 million ($35.12 million) project is expected to be financed by the agreement's two signatories, as well as by funds provided by European Union (EU) programmes for the development of transport infrastructure - specifically, the Connecting Europe Facility (CEF) for Transport.
Much like LNG Gorskaya Overseas' facility in Lübeck, Germany, the Mõntu Harbour centre will be completed through the Baltic ports' joint framework for development of LNG bunkering infrastructure in the region.
In July, LNG-Gorskaya announced that Russia's Federal Marine and River Transport Agency (Rosmorrechflot) had given approval for investments for the construction of the company's LNG port in St. Petersburg - the first of its kind in Russia.
