Excelerate’s FSRU arrives in Finland to start Inkoo job

Excelerate Energy’s 150,900-cbm FSRU Exemplar has arrived in Finland and will soon start serving the newly built Inkoo LNG terminal operated by Gasgrid.

The vessel, which can supply more than 5 billion cubic meters per year of regasification capacity, will serve Finland and other Baltic states under a 10-year charter deal Gasgrid signed with the US LNG firm in May.

Gasgrid said last week that that it expected the vessel to arrive in Inkoo during December 25-28, depending on weather conditions.

The loaded unit was on Tuesday anchored in the Gulf of Finland, offshore Inkoo, after it arrived there the day before, according to its AIS data provided by VesselsValue.

Inkoo port data shows that the FSRU Exemplar is expected to arrive in the port on December 28.

LNG Prime contacted Gasgrid for a comment on the matter but we did not receive a reply by the titme this article was published.

Commercial ops to start in January

Gasgrid also said last week that construction work on the port terminal had been completed in the deep harbor area in Inkoo.

The work began in August and the contract included the pier and mooring structures and systems needed by the FSRU as well as the construction of a 2.2 kilometers long gas pipeline.

Floating LNG Terminal Finland (FLTF), a unit of Gasgrid and the operator of the FSRU-based terminal, has already invited market participants to submit offers for a total of seven capacity slots for the first quarter next year and also for the April-September period.

Gasgrid previously said it expects to launch commercial operations at the facility in mid-January.

Besides this facility, Hamina LNG launched commercial operations in October at its small LNG import terminal in Finland’s Hamina port.

Hamina LNG provides storage services from one 30,000-cbm LNG tank as well as regasification and injection services into the Finnish gas transmission network with a daily capacity of 4,800 MWh.

Most Popular

Brunei LNG, PetroChina ink SPA

LNG producer Brunei LNG has signed a sales and purchase agreement with a unit of PetroChina.

CFO: Shell on track to ship first LNG Canada cargo in middle of 2025

LNG giant Shell remains on track to deliver the first liquefied natural gas cargo from its LNG Canada export terminal in Kitimat in the middle of this year, according to Shell's finance chief, Sinead Gorman.

Venture Global secures $3 billion bank loan for CP2 LNG

US LNG exporter Venture Global LNG has secured a $3 billion bank loan facility for its proposed CP2 LNG project in Louisiana.

More News Like This

Excelerate raises more cash to fund acquisition of NFE’s Jamaica business

US FSRU player Excelerate Energy has raised about $26.4 million via an additional share sale. Excelerate has now raised about $1.01 billion to fund its acquisition of NFE’s business in Jamaica.

Second Wilhelmshaven FSRU arrives at jetty

Germany's Wilhelmshaven now hosts two floating storage and regasification units. Excelerate’s 138,000-cbm FSRU Excelsior has docked at a new jetty, two kilometers south of the already operational Wilhelmshaven 1 terminal, to start serving the second FSRU-based terminal.

Excelerate’s FSRU arrives in Germany

Excelerate’s 138,000-cbm FSRU Excelsior has finally arrived in Germany, where it will start serving DET's second LNG import terminal in Wilhelmshaven.

Excelerate boosts senior notes offering to $800 million

US FSRU player Excelerate Energy has upsized its previously announced offering of unsecured senior notes due 2030.