Finland FSRU Set for Next Winter Start

Finland’s first floating LNG terminal is to be placed in Fortum’s Inkoo port based on a joint statement released today by Fortum and Gasgrid.

• The development is designed to enable independence from Russian pipeline gas.
• Gasgrid Finland is leasing the floating LNG terminal vessel from Excelerate Energy Inc. for a duration of ten years and aims to have the terminal available by next winter.
• The vessel’s capacity is sufficient for the gas needs of both Finland and Estonia. Russian gas supplies through the Imatra entry point have been stopped in May.
• The FSRU has a volume of approximately 151,000 cubic meters, corresponding to approximately 68,000 tonnes of LNG when fully loaded. This means approximately 1,050 GWh of energy content.
• FSRU Exemplar’s evaporation capacity exceeds Finland’s annual natural gas demand, which has historically been approximately 25 TWh per year.