The Baltics aim to develop LNG import capacity in pivot away from Russian gas
Baltic states step up LNG import push
Finnish and Latvian projects progress as the region aims to accelerate move away from Russian gas
Finnish transmission system operator Gasgrid Finland has signed a ten-year contract with US firm Excelerate Energy to charter a floating storage and regasification unit (FSRU), which may initially be located across the Gulf of Finland in Estonia. And another floating import project in Latvia has attracted a new partner as the Baltic region attempts a pivot away from dependence on Russian pipelines. Under the Finnish deal, Excelerate’s Exemplar vessel—with LNG storage capacity of 150,900m³ and more than 5bn m³/yr of throughput capacity—will provide regasification services in southern Finland. But the FSRU may be moored in an Estonian port this winter if required work has yet to be completed i
Also in this section
2 June 2025
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
30 May 2025
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
29 May 2025
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
29 May 2025
A cautious approach to coal-to-gas switching offers lessons to others who are looking to balance cost with cleaner energy
