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Vitol announces the delivery of first LNG to Inkoo terminal

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Meenal Datar

Membership specialist

Energy and commodities company, Vitol has announced the delivery of the first LNG cargo into Finland’s new Inkoo terminal. The cargo was ordered by Elenger, the largest privately owned energy company in the Finnish-Baltic region.

The cargo originates from Vitol’s portfolio of US origin LNG and was transported in the Vivit Americas LNG, a modern LNG tanker which is part of the Vitol fleet. The tanker, sailing under the flag of Malta and built in 2020, is 299 meters long and 46 meters wide and can hold 174,062 m3 of liquefied gas.

Pablo Galante Escobar, head of LNG and European gas and power at Vitol said: ‘Vitol is delighted to deliver the first LNG cargo to Elenger via Finland’s Inkoo terminal. The opening of the terminal will enhance energy security in Finland and the Baltic region, facilitating the flow of LNG from around the world to European industry and consumers.’

‘As one of the few energy companies operating in the region, we purchase gas directly from the Western sources, this allows us to offer our customers greater security and better prices, and has significantly increased our market share in Finland and the Baltic countries over the past year. Until today we have used the port of Klaipeda in Lithuania to bring gas from the United States and Norway, now we start cooperation with the Inkoo terminal too and also with a new supplier in addition to our current partner Equinor from Norway – a global energy company Vitol,’ adds Pasi Näkki, CEO of Elenger Finland.

Elenger has signed agreements with LNG terminals to deliver a total of seven deliveries to Finland’s Inkoo port in the spring and summer.

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