Excelerate Energy has teamed up with Gasgrid Finland on a new 10-year charter for a floating storage and regasification vessel in the Baltic Sea region.

The Exemplar (built 2010) will provide flexible, reliable and secure LNG supplies to Finland, Estonia and the wider area, the company said.

Excelerate chief executive Steven Kobos, Gasgrid Finland CEO Olli Sipila and Gasgrid Finland chairman Kai-Petteri Purhonen signed the contract at the Government Palace in Helsinki on 20 May.