A new stage begins in the development of the Pakri Peninsula port and the Paldiski LNG terminal
30. March 2026
A new stage begins in the development of Pakri Peninsula Port and Paldiski LNG terminal
On March 27, 2026, a transaction was completed, as a result of which Infortar sold its stake in Pakri Peninsula Port OÜ to Nordic Stream Group OÜ.
The CEO of Alexela, Marti Hääle, stated that together with Infortar, led by Ain Hanschmidt and Martti Talgre, an extraordinary journey was undertaken in 2022, which has strengthened Estonia's energy security and laid the foundation for the development of the regional gas market. The addition of a new investor creates good conditions for the next stage.
“Our goal is to move forward with the introduction of peak load power plants and the existing liquefied natural gas (LNG) infrastructure. The Estonian electricity system clearly shows a lack of controllable capacities. The system must operate stably all the time and electricity must be available to consumers at all times,” said Hääle. “A gas power plant is an important future-proof solution, as it allows for quickly and flexibly covering those moments when other electricity production is not sufficient. This helps to reduce price fluctuations and strengthen supply security throughout the system. We will publicly announce more detailed next steps and the content of the development when the necessary preparations have been made and we are ready to essentially disclose future plans.”
According to Angela Rannu, a member of the management board of Nordic Stream Group OÜ, this investment is seen as having great potential and synergy in exporting the production of the LNG terminal, the developing power plant, and the green ammonia plant through Pakri Peninsula Port. “As turbulent times continue in the world, ensuring energy security in Estonia and our neighboring region is of paramount importance. In the context of risk mitigation, the construction of the gas terminal in Paldiski is strategically important. Paldiski is located in a geographically favorable location, serving as Estonia's gateway to Western Europe. It is also noteworthy that it is more than 250 kilometers to the Russian border from here,” explained Rannu.
Nordic Stream Group and Alexela see strong partnership with the state in their project. The goal is to put into operation the Paldiski mooring quay owned by the Estonian State Reserves Center to import LNG from the global market to Estonia, as well as to export synthetic fuels produced in Estonia in the future.
