New LNG Deal Will Allow Finland, Estonia to End Russian Gas Imports
Texas-based Excelerate Energy signs 10-year agreement with Gasgrid Finland Oy
Steven Kobos
Photographer: Aaron M. Sprecher/BloombergThis article is for subscribers only.
Excelerate Energy Inc. signed a 10-year deal to move a ship that stores liquefied natural gas to Finland, allowing the nation and its neighbor, Estonia, to end Russian natural gas imports as soon as winter.
At a ceremony in Helsinki, state-owned natural gas distributor Gasgrid Finland Oy agreed Friday to charter the use of a specialized tanker from Excelerate known as a floating storage and regasification unit, or an FSRU. The ships are used as offshore LNG import terminals.