This story requires a subscription
This includes a single user license.
In July, Gasgrid’s unit Floating LNG Terminal Finland offered in total of 22 terminal slots of 950 GWh each for calendar year 2025.
Applicants needed to submit their terminal capacity requests by August 15, 2024.
According to a statement by Gasgrid issued on Monday, 11 of these slots were reserved.
As per the terminal rules, the process will proceed to the scheduling of the slots reserved for 2025, which will be a “market-driven process” in cooperation with the terminal customers.
Once the schedules are confirmed, Gasgrid will publish the exact program and at the same time open the remaining spot slots for booking, according to Rasmus Hellman, commercial manager at the Inkoo LNG terminal.
He said the company aims to make the announcement as soon as possible, but following terminal rules, no later than November 25, 2024.
“At this stage, reservations have been made according to the number of slots and only at the scheduling stage will we see how the reserved slots will be scheduled for next year. The terminal hopes that the slots will be evenly distributed throughout the year,” Hellman added.
95 percent capacity booked in 2024
In May this year, Gasgrid said that companies have booked 95 percent of the offered regasification capacity at the terminal in 2024.
Excelerate Energy’s 150,900-cbm FSRU Exemplar, which serves the Inkoo terminal under a charter deal, has a regasification capacity of more than 5 bcm per year.
Finnish state-owned energy firm Gasum and Eesti Gas, a unit of Estonian investment firm Infortar, delivered LNG cargoes to the FSRU during the winter period.
Finland relied on LNG imports via the FSRU and the small Hamina LNG terminal to meet domestic demand for households, industry, and power since the Balticconnector gas pipeline between Finland and Estonia suffered a rupture and was shut down in early October 2023.
In April, the Balticconnector offshore gas pipeline, owned by Gasgrid and Estonian gas system operator Elering, resumed commercial operations.