SEFE supplies Gasum with LNG at the FSRU terminal in Finland
10.01.2024
Nordic energy company Gasum is delivering a cargo of liquefied natural gas (LNG) to the Inkoo floating storage regasification unit (FSRU). The cargo has arrived on 10 January and unloading is carried out in due course. At the FSRU the LNG is regasified and fed into the Finnish gas pipeline grid. This is the fourth large LNG cargo Gasum has delivered to the Inkoo FRSU since the Balticconnector gas pipeline between Finland and Estonia suffered a rupture and was shut down in early October. In addition, Gasum delivered a smaller 100 GWh cargo with its own LNG vessel Coral Energy early January to Gasgrid to ensure system balancing and mitigating the risk of inadequate gas during the extraordinarily cold period. While the pipeline is being repaired, all Finnish natural gas demand must be met through imports of LNG.
“We have been working hard to secure supply of natural gas during the winter season to our customers, whose operations depend on a steady supply of gas. The cold period has increased local gas demand and thus, we are very pleased that we were able to secure the required ice-classified LNG vessels for the winter season with the offer coming from SEFE Marketing & Trading Ltd. This transaction highlights the importance of a broad cooperation network in challenging situations”, says Jouni Liimatta, Head of Trading and Optimizing at Gasum.
The LNG cargo which is supplied via SEFE to Gasum is approximately 800 GWh in size and comes from the USA.
“Thanks to SEFE's technical and logistical expertise, we can fulfil our mission even during harsh winters in Northern Europe and reliably supply the markets in Finland and neighbouring countries with LNG. SEFE is proud to be able to support Gasum and the energy security of the region.” comments Frederic Barnaud, Chief Commercial Officer at SEFE.
In addition to this delivery, Gasum has reserved another slot at the Inkoo FSRU for the latter part of the winter season. These two cargoes will ensure that Gasum can meet the natural gas demand of its customers until spring 2024.
About SEFE
SEFE, an international energy company, ensures the security of supply and drives the decarbonisation of its customers. SEFE’s activities span the energy value chain, from origination and trading to sales, transport and storage. Through its decades-long expertise in trading and the development of its LNG business, SEFE has become one of the most important suppliers to industrial customers in Europe, with an annual sales volume of 200 TWh of gas and power. Its 50,000 customers range from small businesses to municipalities and multinational organisations. By investing in clean energies and especially in the hydrogen ecosystem, SEFE is contributing to the energy transition. The company employs around 2,000 people globally and is owned by the Federal Government of Germany.
