Finland signs 10-year lease agreement for floating gas terminal

GASGRID Finland and Excelerate Energy have signed a 10-year lease agreement for Exemplar, a floating liquefied natural gas terminal owned by the energy company based in Texas, the US.

Minister of Finance Annika Saarikko (Centre) on Friday stated in a news conference that the floating terminal, which has a storage capacity of almost 151,000 cubic metres, will support the Finnish effort to cut off dependence on natural gas imported from Russia.