Gasgrid and Fortum’s FSRU project going to plan
Gasgrid Finland and Fortum have formally signed the agreement to moor FSRU ‘Exemplar’ at Inkoo.
LNG import terminal backer and Finland’s leading power company Fortum outlines Uniper rescue deal
LNG import terminal developer and leading Finnish power company Fortum and subsidiary Uniper, Germany’s biggest Russian pipeline gas importer, and the German Government have agreed a comprehensive stabilisation package to provide financial relief to the Düsseldorf-based utility.
Finnish owner of crisis-hit German utility Uniper calls on Berlin to step up and protect its own power providers
Fortum, the Finnish energy and power company with European Union-wide operations and with plans to give Finland its first floating LNG import terminal, is the majority shareholder in the troubled German utility Uniper but has refused to put any more cash into the Duesseldorf-based company.
Finland FSRU deal
May 20 (LNGJ) - Excelerate Energy, the US floating storage and regasification unit (FSRU) specialist, has signed a 10-year contract in Helsinki to deploy the 150,900 cubic metres capacity FSRU “Exemplar” to supply LNG to Finland, Estonia and the Baltic Sea region.
Excelerate President and Chief Executive Steven Kobos, Gasgrid Finland CEO Olli Sipilä and Gasgrid Finland Chairman Kai-Petteri Purhonen signed the contract at the Government Palace in Helsinki in a ceremony also attended by Finnish Minister of Finance Annika Saarikko and US Ambassador to Finland Douglas Hickey. “Flexible access to LNG is a critical component of European energy security,” said Kobos. “We are honored to collaborate with Gasgrid Finland to deliver essential energy infrastructure that will benefit Finland and more broadly the Baltic Sea region,” added the Excelerate CEO.
LNG supplier Gasum says pipeline gas market open as Gasgrid Finland begins operations
The Finnish gas market has opened up to competition with a wholesale market for pipeline natural gas after the transmission network was unbundled from LNG and gas firm Gasum.
LNG and gas grid company Gasum begins countdown to opening up of Finnish market
The first day of 2020 will see the Finnish pipeline natural gas market open up to competition and the transmission sector and the wholesale gas market will be unbundled from each other.
Finnish firm Gasum prepares unbundling of Gasgrid Finland amid LNG and biogas expansion
Gasum, the natural gas network company in Finland and a leading Nordic liquefied natural gas supplier, reported nine-month earnings down by 7.2 percent as its clean energy policies proved to be slow in growing profits as it also prepared for the opening up of the market with the spinning off of a new company called Gasgrid Finland.
