Eesti Gaas will bring additional LNG cargo to Finland

Eesti Gaas, the largest privately owned energy company in Finland and the Baltic region, will bring an additional LNG cargo from the United States in the second half of November to cover Finland’s gas consumption, the company is ready to bring more supplies to the Inkoo terminal for this season.

Margus Kaasik, Satu Mattila, Inkoo LNG terminal

Margus Kaasik, Satu Mattila, Inkoo LNG terminal 

“The market can handle the situation with Balticconnector, and based on the Inkoo terminal, it is possible to cover Finland’s gas consumption – gas and tankers are available in America and Europe, additional cargoes can be ordered quite quickly, and the Inkoo terminal already has past experience operating against the ongoing gas demand,” stated Margus Kaasik, Chairman of the Management Board of Eesti Gaas.

“In the last week, we have taken an important step forward – Gasgrid has announced the possible restart time of Balticconnector, and Inkoo terminal is establishing the slot booking rules for the winter. Eesti Gaas, for its part, is ready to show that we are capable of being up to the task in a challenging situation and secure deliveries to our customers,” said Kaasik.

Eesti Gaas has tripled its LNG deliveries this year – instead of last year’s five cargoes, the company will now be bringing already the 17th shipload of LNG to the region this year.

Previously, natural gas reached Estonia 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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