Fortum signs LoI pursuing Finland's first floating LNG terminal

The Finnish utility has signed a letter of intent regarding development of the first floating LNG terminal in Finland.


Fortum-owned Port of Inkoo will be the host of Finland’s first liquefied natural gas terminal, assuming that the letter of intent the company has just signed with gas transmission system operator Gasgrid Finland manifests, Fortum informs in a statement Thursday.

The facility, a floating storage and regasification unit (FSRU), is named Exemplar and contains total volume of roughly 151,000 m3, equating to around 68,000 tonnes of LNG.

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