Finland’s Gasgrid gets OK to launch Inkoo FSRU reloading service

Finland’s Gasgrid has received approval to start offering reloading services at the country’s first FSRU-based facility in the port of Inkoo to boost the terminal’s utilization rate.

Gasgrid announced this move in March saying that the Finnish Energy Authority, or Energiavirasto, will carry out a consultation from March 16-30 to amend the terms and conditions submitted by Gasgrid’s unit and the operator of the terminal, Floating LNG Terminal Finland.

Energiavirasto has now confirmed the rules, according to a statement by Gasgrid issued on Tuesday.

“The approval of the terminal rules is second step to improve service provision of the terminal to the LNG markets in Baltics, Finland, and Sweden,” Satu Mattila, CEO of FLTF, said in the statement.

She said that the new reloading service will allow terminal users to choose according to their preference how to offtake LNG from the terminal, either as regasified LNG into the transmission network or in parcels as reloaded LNG into small-scale vessels.

“Reloading service will improve the security of supply to the areas where there is no pipeline coverage and will bring energy to the off-grid consumers”, Mattila said.

35 slots

Excelerate Energy’s 150,900-cbm FSRU Exemplar has a regasification capacity of more than 5 billion cubic meters per year and started supplying regasified LNG to the grid on December 29 as part of the commissioning phase.

After that, Gasgrid said in January that that the FSRU-based facility, which connects to a 2.2 km long gas transmission pipeline, was ready to start commercial operations.

Last month, the state-owned firm reduced the number of planned LNG import slots for the April-September period due to “limitation of transmission capacity in Balticconnector and expected market demand.”

Eesti Gas, a unit of Estonian investment firm Infortar, is the first customer and will bring in total seven shipments via Finland’s LNG facility in the port of Inkoo this year.

The firm recently received the first LNG shipment from the US.

According to a separate statement by Gasgrid, FLTF is offering in total 35 terminal slots of 1,000 GWh each for the period from October 1, 2023 to September 30, 2024.

“We expect the terminal to be unavailable for regasification due to maintenance for 24 hours during week 49, 12, 25 and for 48 hours during week 38,” it said.

The allocation procedure started on April 17 and interested parties must submit their terminal capacity requests by May 15, 2023.

- Advertisements -

Most Popular

Adnoc picks South Korean yards to build six LNG carriers

UAE’s energy giant Adnoc has selected two South Korean shipbuilders to build six liquefied natural gas (LNG) carriers following...

Aethon to buy Tellurian’s upstream assets for $260 million

Dallas-based private investment firm Aethon Energy Management has agreed to buy Tellurian’s integrated upstream assets for $260 million. The...

Golar says progress made on new FLNG deal

Floating LNG player Golar LNG is working to sign definitive agreements for an up to 20-year FLNG deployment. In February,...

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...

Excelerate reveals growth plans

US FSRU player Excelerate Energy has revealed a list of 12 prioritized regasification projects as part of its expansion...

Excelerate reports lower Q1 net income, in talks for LNG infrastructure investments

US FSRU player Excelerate Energy reported lower net income and adjusted Ebitda in the first quarter of this year...

Germany’s DET to launch second Wilhelmshaven FSRU terminal in H2 2024

State-owned German LNG terminal operator DET expects to launch its second FSRU-based LNG import terminal in Wilhelmshaven in the...