Finland's Gasgrid on Sept. 12 said it aims to begin importing LNG via a planned floating terminal in January of 2023, with two commercial slot openings for the first month.
"The terminal operator will seek means to increase available slots as soon as possible when technical and operational functionality is working reliably," the state-owned gas transmission network operator said in a statement.
The Finnish and Estonian governments in April decided they would replace lost Russian gas imports by together renting an LNG terminal and later opted to charter the vessel from U.S-based Excelerate Energy for 10 years.
Gasgrid is still exploring two possible locations for the startup, Paldiski in Estonia and Inkoo in Finland, it said, adding the final location of the vessel will be Inkoo.
"The floating LNG terminal enables higher volumes to be transported from the southern part of the Finnish gas network," Gasgrid said.
Recommended Reading
Chevron Upgrades Refinery to Expand Light Crude Processing Capacity
2024-12-11 - The retrofit of Chevron’s Pasadena facility increases equity Permian crude processing capacity by 15%.
US Crude Stocks Fell Last Week as Exports Jumped, EIA Says
2024-12-18 - Crude inventories fell by 934,000 bbl to 421 MMbbl in the week, the EIA said, compared with analysts' expectations in a Reuters poll for a 1.6-MMbbl-draw.
US Crude Oil Stocks, Excluding SPR, Fall to 2-Year Low, EIA Says
2025-01-15 - Crude inventories fell by 2 MMbbl to 412.7 MMbbl in the week ending Jan. 10, the EIA said, compared with analysts' expectations in a Reuters poll for a 992,000-bbl draw.
US Crude Stocks Rise, Gasoline and Distillate Inventories Fall, EIA Says
2024-11-14 - U.S. crude stocks rose while gasoline and distillate inventories fell in the week ending Nov. 8.
LNG, Crude Markets and Tariffs Muddy Analysts’ 2025 Outlooks
2024-12-12 - Energy demand is forecast to grow as data centers gobble up more electricity and LNG liquefaction capacity comes online in North America, but gasoline demand may peak by 2025, analysts say.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.