Finland’s Gasgrid offers Inkoo FSRU regas slots for April-September

Finland’s Gasgrid is offering regasification slots for the April-September period next year at the FSRU-based LNG import terminal in Inkoo, as it awaits the arrival of Excelerate Energy’s 150,900-cbm FSRU Exemplar.

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.

Earlier this month, the vessel left Navantia’s yard in El Ferrol, Spain, to pick up a cargo and then head to Inkoo.

However, the FSRU has still not loaded a cargo and was on Friday located near the Gibraltar port, its AIS data provided by VesselsValue shows.

Following the FSRUs arrival in Inkoo later this month and commissioning phase, Gasgrid is expecting to launch commercial operations at the facility in mid-January.

The FSRU can supply more than 5 billion cubic meters per year of regasification capacity.

Gasgrid previously said the maximum regasification rate of the terminal into the transmission system is 140 GWh/d and the minimum 60 GWh/d.

Floating LNG Terminal Finland (FLTF), a unit of Gasgrid and the operator of the FSRU-based terminal, has already invited market participants to submit offers for a total of seven capacity slots for the first quarter next year.

Now the firm is offering in total 14 terminal slots of 1,000 GWh for the second and the third quarter of 2023, according to a Gasgrid statement issued on December 14.

There are 3 slots both in April and September while the firm offered 2 slots per month in May, June, July, and August.

The firm expects the terminal to be unavailable for regasification due to maintenance for 24 hours during week 25 and for 48 hours during week 38.

Gasgrid said the capacity allocation process for the period between April 1 to September 30,2023 would start on December 15.

Terminal users need to submit their terminal capacity requests by January 9, 2023, it said.

Most Popular

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

Germany, Egypt seal FSRU charter deal

Germany's Ministry for Economic Affairs and Energy has signed a deal with Egypt's state-owned EGAS to charter the 174,000-cbm FSRU Energos Power.

Atlantic LNG shipping rates slightly down, European prices climb

Atlantic LNG freight shipping rates rose above $40,000 per day this week, while European prices decreased compared to last week.

More News Like This

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.

Second Wilhelmshaven FSRU arrives at jetty

Germany's Wilhelmshaven now hosts two floating storage and regasification units. Excelerate’s 138,000-cbm FSRU Excelsior has docked at a new jetty, two kilometers south of the already operational Wilhelmshaven 1 terminal, to start serving the second FSRU-based terminal.

Excelerate’s FSRU arrives in Germany

Excelerate’s 138,000-cbm FSRU Excelsior has finally arrived in Germany, where it will start serving DET's second LNG import terminal in Wilhelmshaven.