Finland, Estonia agree to place Excelerate’s FSRU in Inkoo

Finland and Estonia have agreed to place Excelerate Energy’s 150,900-cbm FSRU Exemplar in the Finnish port of Inkoo.

Gasgrid said on Monday that the two country’s have made a decision in principle under which the floating LNG terminal would be placed in the port area of ​​Inkoo at the end of this year.

Excelerate’s FSRU will serve Finland, Estonia, and other Baltic states under a 10-year charter deal Gasgrid signed with the US LNG firm in May.

Finland and Estonia previously agreed that the FSRU would dock either at Inkoo or Estonia’s Paldiski, depending on which facility is completed first.

Gasgrid and Fortum are working on the LNG import facility in the port of Inkoo, while Estonia’s Elering, Alexela, and Infortar are building the LNG terminal in Paldiski.

The two country’s agreed that the LNG terminal would ensure the gas supply of both Estonia and Finland on equal terms in order to reduce the risks of security of supply in the coming winter, Gasgrid said in the statement.

The Finnish state-owned natural gas transmission system operator is expecting the first commissioning cargo to arrive at the FSRU in mid-December while the commercial operations should start in January 2023.

The FSRU, which can supply more than 5 billion cubic meters per year of regasification capacity, arrived at Navantia’s yard in El Ferrol, Spain, from Argentina on September 22.

Excelerate previously said that Exemplar would go to a dry dock in Spain for maintenance and winterization before sailing on to the Baltic Sea to provide LNG regasification services.

Most Popular

South Korea’s Posco says first LNG carrier to start ops in H2

Posco International, a unit of South Korean steel producer Posco, plans to start shipping LNG with its first dedicated LNG carrier in the second half of this year.

Canada’s Cedar LNG names FLNG

Canada’s Cedar LNG, a joint venture of Canada’s Pembina Pipeline and the Haisla Nation, has picked a name for its floating LNG facility, which will be located in the traditional territory of the Haisla Nation, on Canada’s West Coast.

Wilhelmshaven LNG jetty ready to welcome Excelerate’s FSRU

Dutch marine contractor Van Oord announced on Monday it had completed the new jetty for its client, state-owned LNG...

More News Like This

Avenir LNG seals charter deal with Excelerate

UK-based small-scale firm Avenir LNG has secured a multi-year extension for its 7,500-cbm vessel Avenir Accolade with US FSRU player Excelerate Energy.

Excelerate wraps up acquisition of NFE’s Jamaica business

US FSRU player Excelerate Energy has completed its previously announced acquisition of New Fortress Energy's business in Jamaica for $1.055 billion.

Excelerate boosts net income in Q1

US FSRU player Excelerate Energy has increased its net income in the first quarter of this year compared to the same quarter last year and the prior quarter.

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.