Excelerate FSRU Exemplar set to supply natural gas to Finnish and Baltic nations

Excelerate Energy, a US-based liquefied natural gas (LNG) company, has delivered its floating storage and regasification unit (FSRU), the Exemplar, to Gasgrid Finland Oy, a Finnish state-owned natural gas transmission system operator.

The FSRU Exemplar loaded with a partial cargo of LNG will serve as the initial commissioning cargo for the terminal.

The FSRU Exemplar is chartered to Gasgrid for ten years to deliver flexible, reliable, and secure regasified LNG to Finland and other Baltic nations.

Steven Kobos — Excelerate Energy President and CEO said: “The arrival of the FSRU Exemplar at the port of Inkoo represents an important milestone for Finland as it prepares to enhance its energy security and bring essential energy infrastructure to the region.

“This is a tremendous accomplishment for everyone involved, and we are proud to have partnered with Gasgrid on this opportunity.”

Excelerate Energy FSRU Exemplar at the port of Inkoo. Photo courtesy of Business Wire.

Excelerate Energy, through its subsidiary Excelerate Finland Gas Marketing Oy, has also agreed to the sale of commissioning volumes and regasification capacity rights throughout the commissioning stage.

The 291 meters-long and 43 meters wide FSRU Exemplar has a storage capacity of 150,900 m3 of LNG and can provide more than five billion cubic meters per year of regasification capacity.

The Exemplar FSRU arrived at the port of Inkoo, Finland, after procuring its cargo from Excelerate Energy’s global LNG portfolio through a ship-to-ship transfer with the FSRU Excelsior near Gibraltar.

The FSRU, which has recently completed its 10-year service in Israel, will go on charter to Germany in 2023.

Excelerate Energy offers a full range of flexible regasification services from FSRUs to infrastructure development to LNG supply.