On 2 April 2023, Vitol delivered the primary LNG cargo into Finland’s new Inkoo terminal. The cargo was ordered by Elenger, the most important privately-owned power firm within the Finnish-Baltic area.
The cargo originates from Vitol’s portfolio of US-origin LNG, particularly the Enterprise World Calcasieu Move facility, and was transported within the Vivit Americas LNG, a contemporary LNG tanker which is a part of the Vitol fleet. The tanker, crusing below the flag of Malta and inbuilt 2020, is 299 m lengthy and 46 m extensive. It could actually maintain 174 062 m3 of liquefied gasoline.
Vitol has a worldwide LNG portfolio with long-term sourcing contracts from producers within the US, Center East, Africa, and Asia. In 2022, Vitol traded over 17.5 million toe of LNG, with round 67% of this quantity being equipped to Europe.
Pablo Galante Escobar, Head of LNG & European Fuel and Energy Vitol, stated: “Vitol is delighted to ship the primary LNG cargo to Elenger by way of Finland’s Inkoo terminal. The opening of the terminal will improve power safety in Finland and the Baltic area, facilitating the stream of LNG from all over the world to European trade and shoppers.”
“As one of many few power corporations working within the area, we buy gasoline straight from the Western sources. This permits us to supply our prospects higher safety and higher costs, and has considerably elevated our market share in Finland and the Baltic international locations over the previous yr,” added Pasi Näkki, CEO of Elenger Finland.
“Till at this time, we now have used the port of Klaipeda in Lithuania to deliver gasoline from the US and Norway; now we begin cooperation with the Inkoo terminal too, and in addition with a brand new provider along with our present associate Equinor from Norway – a worldwide power firm Vitol,” commented Näkki.
Elenger has signed agreements with LNG terminals to ship a complete of 10 cargos by the autumn of this yr – three deliveries have already arrived in Lithuania’s Klaipeda port in January and March, and a complete of seven deliveries will arrive in Finland’s Inkoo port within the spring and summer time. Final yr, Elenger procured 5 massive shiploads of gasoline for its prospects via the port of Klaipeda.
Learn the article on-line at: https://www.lngindustry.com/liquid-natural-gas/03042023/vitol-delivers-first-lng-cargo-into-finlands-new-inkoo-terminal/