Finland’s Gasgrid offers Inkoo FSRU capacity for 2025

Gasgrid

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.

Source: Lngprime.com

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About Stu Turley 3942 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.