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.

- Advertisements -

Most Popular

DNV: eight LNG-powered vessels ordered in September

Classification society DNV has added eight LNG-powered ships to its Alternative Fuels Insight platform in September, 13 ships less...

MET opens Singapore office as part of LNG expansion plans

Switzerland-based energy trader MET Group has set up an office in Singapore as it works to expand its liquefied...

PetroVietnam Gas says to launch Thi Vai LNG import terminal in October

PetroVietnam Gas, a unit of state-owned PetroVietnam, said it will officially launch its Thi Vai LNG import terminal, the...

More News Like This

Pilot LNG, Seapath plan to build $150 million US bunkering facility

Houston-based Pilot LNG is joining forces with Libra Group's maritime unit Seapath to build what they say is the...

Rohe to liquefy biogas at Finland’s Hamina LNG terminal

Rohe Solutions, a joint venture of Finland's Hamina Energy and Estonia's Alexela, has revealed plans to liquefy biogas at...

Excelerate’s FSRU to visit Spanish yard ahead of German gig

Excelerate Energy’s FSRU Excelsior is heading towards a yard in Spain for a planned technical stop ahead of the...

Finland’s Hamina LNG offers terminal capacity for next gas year

Finland's Hamina LNG is offering terminal capacity and related services to the market for the gas year which starts...