Elenger has delivered half of the gas needed for the upcoming heating season

Elenger’s LNG deliveries have continued as planned despite a challenging spring in the energy markets.

LNG tanker Energy Atlantic. Charles Morganti 

Finland’s largest liquefied natural gas, or LNG, supplier Elenger brought five LNG cargoes to Finland and the Baltic region during the spring and early summer. The last LNG vessel of the spring has now arrived in Inkoo, and additional deliveries are being planned for later this year.

With these deliveries, Elenger has already secured half of the gas needed for its customers for the upcoming heating season. The company has supplied natural gas from Norway and the United States to the ports of Inkoo in Finland and Klaipėda in Lithuania.

Elenger is well prepared despite rising price pressures in Europe

European gas companies have been filling storage ahead of next winter at a time when global gas prices have been elevated due to tensions in the Persian Gulf. Also, Europe’s gas storage levels are currently below normal, adding further pressure to the market.

Elenger’s gas deliveries to Europe have nevertheless continued normally. Because the company sources gas mainly from the United States and Norway, it is not dependent on Qatari LNG, which has been most affected by disruptions in the Strait of Hormuz.

According to Pasi Näkki, Managing Director of Elenger Finland, the company is well positioned to respond quickly if prices rise sharply or the global situation changes suddenly.

“High gas prices are the main obstacle to replenishing storage in Europe. However, we have already delivered half of our customers’ gas, so our position is good,” Näkki says.

The Inkoo terminal strengthens Finland’s security of supply

Although gas availability remains stable, prices are determined on global markets. LNG flows to the places where the highest price is paid, which means disruptions in the Middle East have also affected Europe. In Finland, the situation is stabilised by the LNG terminal in Inkoo, which significantly strengthens the country’s supply security and overall energy security.

The Inkoo LNG terminal has been an important part of Finland’s gas infrastructure since 2022. Its significance becomes especially clear when market conditions are uncertain