Ministry of Employment and the Economy was revealed that the floating terminal will be commissioned next winter and will be located in the coastal area of Southern Finland. Excelerate Energia is committed to the project schedule, but admits it is challenging according to Saarikko.
“Naturally, we will do our best to be ready to receive the terminal ship while it is here. It requires an unprecedentedly rapid permit and pace of construction. We are in an unusual situation, but then we have to take action unusually fast, ”he said.
Olli SipiläThe CEO of Gasgrid Finland said that the state-owned natural gas transmission company will continue to investigate the possible locations of the vessel from the perspective of the project schedule, the gas market situation and security of supply.
“We will try to announce as soon as possible, possibly during this month, which place has been selected as the most likely,” he said.
The port infrastructure required for the floating terminal will be built in both Finland and Estonia. If the infrastructure is completed in Estonia before Finland, the terminal can be temporarily located in an Estonian port.
Gasgrid has estimated the total cost of the 10-year lease to be approximately EUR 460 million.
Finland and Estonia announced earlier this spring that they had signed a letter of intent to lease the terminal vessel. However, the lease was originally signed between Gasgrid Finland and Excelerate Energy.
Riku HuttunenThe head of the energy department of the Ministry of Employment and the Economy stated at the press conference that it was always intended that the project could be implemented without the participation of Estonia.
“If Estonians want to be involved in the project, they are naturally welcome to do so. Costs are apportioned according to our gas consumption levels. Finland consumes about four to five times more gas than Estonia, he said.
Gasum Finland on Saturday confirmed Gazprom, a Russian state-majority-owned natural gas company, has suspended natural gas supplies because it has refused to pay for the resource in rubles. A Finnish importer of natural gas has submitted its supply contract to arbitration, claiming that its contract partner is violating the terms of the contract with its payment claims in rubles.
The Russian company cut off gas supplies to Finland on Saturday, May 21, 2022 at 7 p.m.
Ministry of Employment and the Economy on Friday stressed that Finland is prepared to stop the import of natural gas from Russia. Some companies may have to suspend due to gas supply disruptions, opening the door to local and regional impacts such as layoffs and redundancies.
Jukka LeskeläThe CEO of Suomen Energia has assured that the suspension of gas supplies to Russia is not a big problem for the Finnish energy system.
Reuters on Thursday reported that half of Gazprom’s 54 customers have opened a ruble-denominated account to continue buying gas from Russia.
Aleksi Teivainen – HT
Source: The Nordic Page