aA
US liquefied natural gas (LNG) exports to Lithuania would prevent Russia from using "energy blackmail" against the country, Lithuanian Energy Minister Rokas Masiulis, who is meeting with US energy companies this week, said, noting that energy resources are now as important as arms exports.
Rokas Masiulis
Rokas Masiulis
© DELFI / Šarūnas Mažeika

"There is much discussion now as to whether the US should supply arms to Ukraine. However, a decision to supply energy resources may be no less important than arms. If the US started supplying energy resources to other countries, that would deprive Russian of the key weapon it is now actively using, which is energy blackmail," Masiulis said in a press release on Friday.

"The US energy sector operates very efficiently and, therefore, it has a competitive advantage over those exporters that are using energy as a tool of political pressure. The activities of the latter are not as efficient," he said.

During his US visit, the minister met with business and academic representatives and the heads of Exxon Mobil, the largest US oil and gas company.

Lithuania's natural gas supply and trading company Litgas on Thursday signed a memorandum of understanding with Delfin LNG, the first offshore floating natural gas liquefaction project in the United States. The MOU is not binding in terms of selling or buying LNG, but it will serve as a basis for continued cooperation with the liquefaction project developer.

Delfin LNG's deepwater port, a floating liquefaction and export facility located in the Gulf of Mexico, is expected to be operational in 2019. I

Litgas CEO Dominykas Tuckus this week is planning to sign an agreement with another energy company. The agreement will provide for the possibility of buying LNG as soon as it becomes available for purchase.

Lithuania has been making efforts to import LNG from the US for several years now. President Dalia Grybauskaitė and Prime Minister Algirdas Butkevičius have named this as a top priority.

BNS
Naujienų agentūros BNS informaciją skelbti, cituoti ar kitaip atgaminti visuomenės informavimo priemonėse bei interneto tinklalapiuose be raštiško UAB "BNS" sutikimo neleidžiama.
|Populiariausi straipsniai ir video

President: Lithuania must defend its haulers' interests 'to the hilt'

Lithuanian President Gitanas Nauseda backs the government's plans to contest the EU Mobility Package...

Lithuanian Airports join international project dedicated to people with hidden disabilities

The national airports operator further pursues the goal to ensure a smooth travelling experience for...

Opera to acquire Lithuanian specialised bank

Opera, headquartered in Oslo, Norway, announced its intention to purchase Fjord Bank subject to...

Tours operators suspend trips to Bulgaria over coronavirus concerns

Lithuania's tour operators Novaturas and Tez Tour have decided not to organize trips to Bulgaria...

First complaint from business over lockdown restrictions reaches court (1)

Lithuanian business representatives on Wednesday lodged a complaint before a court seeking remedy...

Top news

Nauseda: Lithuania will have to go back to financial discipline after corona crisis

Once the coronavirus crisis ends and the economic situation gets back to normal, Lithuania will...

Tours operators suspend trips to Bulgaria over coronavirus concerns

Lithuania's tour operators Novaturas and Tez Tour have decided not to organize trips to Bulgaria...

President: Lithuania must defend its haulers' interests 'to the hilt'

Lithuanian President Gitanas Nauseda backs the government's plans to contest the EU Mobility Package...

Loop traffic has taken effect in Vilnius Old Town

On 7 July, a new order for arranging traffic in Vilnius Old Town took effect – visitors and...

Kaunastic discoveries: music in Kaunas this July

Here’s what the Kaunas calendar has to offer, including cumbia, classical music , urban sounds...

|Maža didelių žinių kaina