LNG

Elenger, the largest privately owned energy company in the Finnish-Baltic region, said it received the first US liquefied natural gas cargo onboard the tanker “Vivit Americas LNG” with 174,000 cubic metres capacity to arrive at the port of Inkoo in Finland.

“We are one of the few energy companies in the region to procure gas directly from Western sources, this allows us to offer our customers greater security and better prices, and has significantly increased our market share in Finland and the Baltic countries over the past year," said Pasi Näkki, Chief Executive of Elenger Suomi in Finland.

Elenger had previously used the port of Klaipeda in Lithuania to bring LNG from the US and from Norway and now the firm has started cooperating with the Inkoo floating import terminal.

Elenger has signed agreements with LNG terminals to deliver a total of 10 cargoes by the start of the winter season this year.

Three deliveries have already arrived in Lithuania's Klaipeda port in January and March 2023 from the US and Norway, and a total of seven deliveries will arrive in Finland's Inkoo port in the spring and summer.

Cargoes procured

“Last year, Elenger procured five large shiploads of gas for its customers through the port of Klaipeda,” said the company.

Elenger offers customers natural gas in the form of pipeline gas, LNG and compressed natural gas.

The company is also developing a renewable energy portfolio in the form of solar energy and biomethane production and sales.

Elenger operates in Finland, the Baltic states and Poland and the group has a total of 50,000 customers.

Elenger in the market in the Baltic state of Estonia it is known under the Eesti Gaas brand name.

“Vitol is delighted to deliver the first LNG cargo to Elenger via Finland’s Inkoo terminal,” said Pablo Galante Escobar, Head of LNG and European Gas and Power at global commodities firm Vitol.

“The opening of the terminal will enhance energy security in Finland and the Baltic region, facilitating the flow of LNG from around the world to European industry and consumers,” Escobar added.

The cargo originated from Vitol’s portfolio of US LNG, specifically the Venture Global Calcasieu Pass facility in Louisiana.

Vitol has a global LNG portfolio with long-term sourcing contracts from producers in the US, the Middle East, Africa and Asia.

In 2022 Vitol traded over 17.5 million tonnes of LNG with around 67 percent of this volume being supplied to Europe.  

Abu Dhabi National Oil Company’s LNG unit has signed a supply agreement with global commodities company Vitol for the sale of 1.8 million tonnes per annum of cargoes for six years and another two-year deal with French major Total for 750,000 tonnes.