Gasgrid and Fortum Complete Deal to Moor FSRU Exemplar
08.26.2022 By Ella Keskin - NEWS

August 26, 2022 [ Offshore Energy Biz ] – Finnish energy companies Gasgrid and Fortum have signed an agreement to place the floating storage and regasification unit (FSRU) at Fortum’s port in Inkoo.

 

With his announcement, Gasgrid Finland and Fortum have completed negotiations. Therefore, the LNG terminal vessel project progresses to plan.

Gasgrid Finland said that the port in Inkoo, located on Finland’s south coast, is deep enough for the purpose of FSRU and is close to pipelines along which gas flows to end-users in industrial and other sectors in Finland, Estonia, and the Baltic Sea region.

The goal of the FSRU terminal is mainly to enable independence from Russian pipeline gas. Russian gas supplies through the Imatra entry point have been stopped in May.

Gasgrid is leasing the floating LNG terminal vessel from Excelerate Energy for a duration of 10 years. The FSRU Exemplar has a volume of approximately 151,000 cubic meters, corresponding to approximately 68,000 tonnes of LNG.

”The preliminary agreement signed earlier paved the way for the agreement now signed to place the floating LNG terminal in the port of Inkoo,” said Gasgrid Finland’s CEO Olli Sipilä.

Moreover, a start has been made on building the port structures and natural gas pipeline. The ambition is to begin deploying the LNG terminal vessel in December 2022.

 


Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Exxon Preparing to Open Its Massive $2B Refinery Expansion in Beaumont
01.30.2023 - NEWS
January 30, 2022 [msn] – Exxon Mobil said Monday it finished building its $2 billion refine... Read More
Valero Has Best Year Ever in 2022 as 4Q Profits Triple, Topping Wall Street Expectations
01.30.2023 - NEWS
January 30, 2022 [San Antonio Express News] – Valero Energy Corp. cruised past Wall Street ... Read More
Mobil Continues to Invest in Australia's Fuel Security
01.30.2023 - NEWS
January 30, 2022 [ExxonMobil] – Melbourne, Australia – Mobil Oil Australia Pty Ltd (Mobil... Read More
Kernel Acquires Terminal In Yuzhny Port
01.30.2023 - NEWS
January 30, 2022 [Ukrainian News] – Kernel Holding, one of the largest operators on the oil... Read More