EU says no to joint Estonian-Finnish LNG terminal project

EU has rejected the proposal to finance the development of joint LNG terminal projects proposed by the Estonian company Alexela Energia and Finland’s Gasum Oy, writes Eesti Päevaleht.

The EU did not agree to cover the extra costs that carrying out the project jointly with Gasum would have entailed and this is why the cooperation plan failed.

However, Alexela said it will go on with LNG terminal plan also without EU support , but this means completion of the terminal will be postponed.

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