News / Gasgrid Finland and Fortum have completed negotiations – LNG terminal vessel project progresses to plan

Gasgrid Finland and Fortum have completed negotiations – LNG terminal vessel project progresses to plan

Gasgrid Finland and Fortum have signed an agreement to place the floating storage and regasification unit (FSRU) in Fortum’s port in Inkoo. Located on Finland’s south coast, the port in Inkoo is deep enough for the purpose 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 teams at Gasgrid and Fortum have done great work over the summer. The preliminary agreement signed earlier paved the way for the agreement now signed to place the floating LNG terminal in the port of Inkoo. A huge thanks for the great cooperation to date,” says Gasgrid Finland’s CEO Olli Sipilä.

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

You can find up-to-date information about the LNG terminal vessel project and earlier releases here.

For more information:
Olli Sipilä, CEO, Gasgrid Finland Oy,  +358 40 589 4686, olli.sipila@gasgrid.fi
Esa Hallivuori, Esa Hallivuori, Head of the Floating LNG terminal project, Gasgrid Finland Oy, +358 40 581 5027, esa.hallivuori@gasgrid.fi

Gasgrid Finland Oy is a Finnish state-owned company and transmission system operator with system responsibility. We offer our customers safe, reliable and cost-efficient transmission of gases. We actively develop our transmission platform, services and the gas market in a customer-oriented manner to promote the carbon-neutral energy and raw material system of the future. Find out more: www.gasgrid.fi/

Share:

Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print

We are just testing the attention banner