Eesti Gaas to deliver three more LNG cargoes to Finland’s Inkoo FSRU

Eesti Gas, a unit of Estonian investment firm Infortar, said it will deliver three more LNG cargoes to Finland’s Inkoo FSRU-based terminal during the winter.

These LNG supplies will help cover gas needs in Finland during the winter season while the Balticconnector offshore gas pipeline between Finland and Estonia is shut shown due to a leak.

As a result of the winter capacity booking organized by Gasgrid’s LNG terminal unit, Eesti Gaas secured three delivery slots out of six, the firm said in a statement.

Finnish state-owned energy firm Gasum booked the three other winter slots for delivery to Excelerate Energy’s 150,900-cbm FSRU Exemplar, which serves Gasgrid’s import facility in Inkoo under a charter deal.

Together with the one previously booked slot, the new bookings will allow Eesti Gaas to bring a total of four LNG cargoes to Finland from December to April, it said.

18 LNG shipments in 2023

Eesti Gas, which is branded internationally as Elenger, is the biggest customer of Finland’s LNG facility in the port of Inkoo.

With the planned delivery in December and the one recently announced for November, Eesti Gaas will deliver in total 13 shipments to the FSRU-based terminal in Inkoo this year.

Including five shipments delivered to the Klaipeda FSRU in Lithuania, the company’s 2023 LNG deliveries will reach 18 shipments, 13 more compared to just five cargoes in 2022.

“Previously, natural gas reached Estonia mainly via a pipeline from Russia but for almost a year and a half this direction has been closed and a full-scale turn to the west has taken place,” Eesti Gaas said.

Eesti Gaas said the LNG supplies come mostly from the US and Norway.

One LNG cargo every month

Margus Kaasik, chairman of the management board of Eesti Gaas, said the company’s goal is to bring one LNG cargo every month to Finland during the winter period and thereby ensure stability and security for customers and the Finnish gas market.

“The interruption of the Balticconnector has brought new challenges, but the market is capable of solving this situation with the cooperation of the system operator, the LNG terminal and the gas importers,” he said.

Kaasik added that the impact of the Balticconnector incident to the Baltic countries is “significantly smaller compared to Finland – we can serve Baltic customers through the Klaipeda terminal in Lithuania and the underground gas storage in Incukalns in Latvia, where we have stored enough gas for the winter.”

- Advertisements -

Most Popular

US FERC to decide on Venture Global’s CP2 LNG project

The US FERC is set to decide next week on Venture Global LNG's proposed CP2 LNG project in Louisiana. According...

Golden Pass LNG to speed up pipeline construction

QatarEnergy and ExxonMobil are seeking approval from US energy regulators to increase the peak workforce to speed up the...

Singapore LNG bunkering volumes hit new record

Singapore’s liquefied natural gas (LNG) bunkering sales reached a new record in May, according to Singapore’s Maritime and Port...

More News Like This

Gasgrid: Inkoo FSRU capacity 95 percent booked in 2024

Finland’s gas system and LNG terminal operator Gasgrid said companies have booked 95 percent of the offered regasification capacity...

Finland’s Gasgrid says Balticconnector gas pipeline back in service

The Balticconnector offshore gas pipeline, owned by Finland’s gas system and LNG terminal operator Gasgrid and Estonian gas system...

Equinor to deliver reloaded cargo from Lithuania’s Klaipeda to Finland

Norwegian energy firm Equinor has reloaded a liquefied natural gas cargo at the KN Energies-operated FSRU-based terminal in Lithuania's...

Finland’s Gasum delivers another LNG cargo to Inkoo FSRU

Finnish state-owned energy firm Gasum has delivered another liquefied natural gas (LNG) cargo to the Inkoo FSRU-based terminal operated...