Eesti Gaas signed a contract to bring three gas cargoes to Finland

Eesti Gaas, the largest privately owned energy company in Finland and the Baltic region, signed a contract for the coming winter to bring three ice-class gas ships from Norway to Finland, Inkoo LNG terminal, negotiations are ongoing for the fourth one.

Pasi Näkki

Pasi Näkki 

According to Pasi Näkki, CEO of Eesti Gaas’ subsidiary in Finland, securing Finland with natural gas is going according to plan and without any problems. “The market has coped with the situation and the customers’ contracts and needs have been met, we ordered the most reliable gas tankers with the highest ice class for the winter season,” said Näkki.

“After the Balticconnector incident, gas consumption in Finland has remained normal and to some extent even exceeded the Balticconnector’s capacity, gas companies and customers have been assured that Finland’s demand can be met through Inkoo,” said Näkki.

During the winter capacity distribution organized by Finland’s Inkoo LNG terminal in November, Eesti Gaas got three out of six delivery windows, which, together with one booked already earlier, allows the company to bring a total of four gas ships to Finland from December to April. The first of them will arrive in Inkoo after Christmas.

Eesti Gaas has more than tripled its LNG deliveries this year – instead of five cargoes last year, the company will bring a total of 18 cargoes to the region this year. One third of the imports to Finland and the Baltic region go through Eesti Gaas.

Previously, natural gas reached our region mainly via a pipeline from Russia but for almost a year and a half this direction has been closed and a full-scale turn to the west has taken place. Natural gas is now brought in liquefied form to the Inkoo terminals in Finland and Klaipeda in Lithuania, where it is regasified and fed into the grid. The LNG supplies imported by Eesti Gaas have certificates of origin, the gas comes mostly from the United States and Norway.

Operating in five markets – Finland, Estonia, Latvia, Lithuania and Poland – Eesti Gaas grew last year to become the largest private energy company in Finland and the Baltic region. Eesti Gaas offers its customers natural gas in the form of pipeline gas, compressed natural gas (CNG) and liquefied natural gas (LNG) and manages the largest gas network in Estonia and Latvia. The company is actively engaged in international energy trade and develops a renewable energy portfolio in the form of solar energy and biomethane production and sales. In export markets, Eesti Gaas is called Elenger.

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