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

"We are planning to go on with our project, but other solutions have to be found," Alexela Energia board member Marti Hääl said.

"To be realized, all of the presented models would have required significant EU investment aid, which was not available," said Gasum CEO Johanna Lamminen, adding that Gasum will continue to further its own terminal project independently.

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