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.