Inkoo LNG terminal

[3] Planning for an LNG port in Finland had been variously considered since the 2000s,[4] but was accelerated following the global natural gas supply crisis.

[4] The plans for building an LNG terminal in the deep-water port of Inkoo were finalized in June 2022, four months after the invasion of Ukraine by Russia, and the project began operation in January 2023.

[5] Conceived in the 2000s, with an environmental impact assessment completed in spring 2013,[6] Gasum abandoned the project in October 2015 due to insufficient commercial viability.

[7] After the Russian invasion of Ukraine in February 2022, the project rationale for building the Inkoo LNG terminal was principally to increase the security of natural gas supply to Finland.

Reusing a particular property improved the project's economics on the port with an already-built pier—where a coal power plant had previously operated, which had been dismantled in 2020.