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Free AccessFinland Allocates Seven Summer LNG Slots at Inkoo
Lower European gas prices are encouraging increased LNG interest from Baltic nations as they look to replace Russian gas supplies. The Baltic nations have banned Russian LNG imports, unlike other European countries.
- Estonia’s Eesti Gaas will release a tender in the next few weeks to buy seven LNG cargoes for delivery from April through September. Delivery slots are the first to be booked at the new floating terminal at Inkoo in Finland.
- Finland's new floating storage and regasification unit in Inkoo started commercial operations in mid-Jan but may go unused in Q1 2023 with limited gas demand and an inability to share cargoes
- Lithuania is also looking to buy a cargo for delivery in May into the Klaipeda terminal.
- Eesti Gaas also secured three slots at the Klaipeda LNG terminal with one cargo delivered in January and two more in March.
- Despite the move away from Russian energy supplies Europe is still importing a significant amount of Russian LNG.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.