Finland’s Gasgrid offers Inkoo FSRU capacity for 2025

A unit of Finland’s Gasgrid is offering regasification capacity for 2025 at the FSRU-based LNG import terminal in Inkoo.

According to a statement by Gasgrid, Floating LNG Terminal Finland has started the annual capacity allocation process for calendar year 2025 on July 15.

The company is offering a total of 22 terminal slots of 950 GWh each.

Applicants need to submit their terminal capacity requests by August 15, 2024, it said.

Gasgrid’s documents also show that the company plans to send the FSRU to a drydock for maintenance from the second half of August 2025 until the beginning of October in 2025.

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.

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