The parties have signed a memorandum of understanding animated at assessing the viability of setting up a liquefied natural gas (LNG) terminal in the Port of Paldiski.

The Port of Tallinn (managing the southern part of the Paldiski port) and Alexela Invest (part of the Estonian Alexela Group active in the energy, metal, and property development sectors) will now jointly work on detailing a contract that the two hope to reach by end-2020.

If agreed, Alexela Invest will be responsible for establishing and operating the terminal, while the Port of Tallinn for developing and maintaining the necessary port infrastructure.

Photo: Port of Tallinn